CAREER HIGHLIGHT(S):
MBC has the largest and strongest free-to-air TV channels in the Arab World. While MBC’s focus has been on showcasing Hollywood and Bollywood movies in the past, it has, in recent years, allocated a hefty budget to making Arab content - particularly long-running soap operas and limited mini-series.
TWELVE-MONTH HIGHLIGHT(S):
MBC Group has released its financial results for 2023, showcasing growth across its core business segments. The company reported a 6.2% increase in total revenues, reaching $987.7m compared to 2022. Gross profit surged by 43.7% year-on-year to $245.7m, while net income saw a remarkable 44.8% rise to $18.5m, exceeding the group’s targets.