Mondo TV (MTV) Q1 2022 earnings summary

Executive summary

• Revenue for Q1 2022 reached €8.8M, up 27% year-over-year, driven by new animated series sales and production progress in France.

• EBITDA rose 33% to €6.9M, and EBIT increased 5% to €2.6M compared to Q1 2021.

• Net income attributable to the group was €2.1M, up from €1.8M in Q1 2021.

• Net financial position worsened to €10.9M net debt, mainly due to ongoing investments in animated series.

• Equity increased to €82.6M from €80.5M at year-end 2021, reflecting profit retention.

Financial highlights

• Revenue: €8.8M (+27% YoY); EBITDA: €6.9M (+33% YoY); EBIT: €2.6M (+5% YoY).

• Net income: €2.1M (group share); net financial debt: €10.9M (vs. €8.5M at 2021 year-end).

• Operating cash flow positive at €5.2M, but investing cash flow negative at €7.6M due to content investments.

• Cash and equivalents at period end: €3.3M, down from €6.1M at start of year.

• Group equity: €82.6M; total assets: €107.4M.

Outlook and guidance

• Group continues activities in line with its industrial plan and expects positive impact from new content sales.

• Recent licensing deals and new business in fiction distribution expected to support future growth.