MADRID, 31 Jul. (EUROPA PRESS) -

Squirrel Media registered a consolidated profit of 6.52 million euros in the first half of 2023, a figure 42% higher than that of the same period of 2022, when it stood at 4.59 million euros, as reported on Monday by the company to the National Securities Market Commission (CNMV).

Specifically, the firm raised its net profit attributed to the parent entity by almost 30%, to 5.18 million euros, compared to 4.5 recorded a year earlier.

The technology company obtained net income of just over 50.4 million euros, 36.1% more than the 37 million euros registered in the first half of 2022.

Squirrel Media registered a gross operating result (Ebitda) of 10 million euros in the first six months of the year, 40% more than the 7.22 million reached between January and June 2022.

The firm has explained that these magnitudes were those foreseen in the 2023-2024 business plan, so that it foresees their fulfillment at the end of the year.

For its part, the company experienced a 47% increase in net financial debt, due to the advances of a small part of the credits of the multiple existing contracts for the transfer of titles of Squirrel Media with its main clients and the acquisition of Net TV, Veralia Distribución and the groups BF Distribution and Ganga.