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In June 2024, MNCN maintained its position as leader in audience share (37.1%) and ad spend share (44.4%), allowing for some YoY revenue support in 2Q24; 6.2% YoY reduction in COGS due to efficiency in content procurement and the use of its outdoor studio facility, Movieland
Free-to-air (FTA) TV revenue (historically c.80% of top line) continued to decline (-20.9% QoQ, -10.3% YoY); despite diversification efforts, the company still faces challenges in its non-digital business, highlighting its dependence on traditional media channels
Additional revenues from successful in-house special programs such as Indonesian Idol and MasterChef Indonesia as well as concerts and international artist festivals in 2H24; Movieland’s outdoor studio facilities can further enhance content production capabilities and reduce costs
Economic fluctuations and rapid technological advancements can impact advertising budgets and consumer spending on subscription services, hampering traditional media companies; severe YTD market underperformance may persist going forward
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
