Alter Ego Media recorded strong growth and an even faster increase in profitability in the first half of 2026, as the implementation of the investment plan following the Company’s stock market listing begins to be reflected in its financial performance.
Consolidated turnover increased by 25.2% to €74 million, compared with €59.1 million in the corresponding period of 2025. Profitability grew at an even stronger pace, with EBITDA rising by 47.4% to €25.1 million, from €17.1 million a year earlier.
Particularly noteworthy was the performance at EBIT level, with earnings before interest and taxes more than doubling to €8.5 million, representing an increase of 114.6% compared with H1 2025. Net profit reached €6 million, up from €1.3 million a year earlier, an increase of 378.3%.
The results demonstrate that revenue growth is translating into significantly higher profitability. The EBITDA margin increased to approximately 34%, from 29% in the first half of 2025, while the EBIT margin expanded to approximately 11.5%, from 6.7%.
Strong growth in Publishing
The Publishing segment provided a significant boost to revenue, recording a 38.8% increase in turnover to €26.5 million, compared with €19.1 million in the first half of 2025.
The Broadcasting & Content Creation segment also maintained its upward trajectory, with revenue reaching €41.2 million, up 3.1% year-on-year.
At the same time, the results now include the contribution of the Group’s new Live Entertainment pillar, which generated €6.2 million in turnover during the first half of the year.
The Group’s expansion into live entertainment broadens Alter Ego Media’s business model beyond traditional media activities and creates new opportunities for synergies across content, promotion, audiences, data and commercial monetisation.
Strong balance sheet and net cash position
Despite the implementation of its investment programme, Alter Ego Media maintains a strong financial position. As of June 30, 2026, consolidated equity stood at €148.7 million, while the Group had a net cash position of €15.8 million.
This provides the Group with financial flexibility to continue investing while also pursuing new opportunities.
Investments gradually feeding through to financial performance
The first half of 2026 also marked the completion of the allocation of the proceeds raised through the Public Offering, in line with the Company’s investment plan.
Attention is now shifting towards the gradual maturation and returns from these investments, as the strategic initiatives undertaken over the previous period are expected to make an increasing contribution to the Group’s consolidated financial performance.
Alter Ego Media’s strategic objective is to evolve from a traditional media group into a broader Media & Entertainment platform, leveraging content, brands, direct audience relationships, data and technology to create multiple revenue streams.
The Group is now developing around four core pillars: Publishing, Broadcasting, Content Creation and Live Entertainment.
Giannis Vrentzos: “We have laid the foundations for a modern and diversified Media and Entertainment Group”
Commenting on the results, Giannis Vrentzos, CEO of Alter Ego Media, said:
“The first half of 2026 confirms Alter Ego Media’s dynamic growth trajectory. With the completion of the allocation of capital raised from our listing on Euronext Athens, we have implemented our investment plan, significantly expanding the Group’s footprint and laying the foundations for its evolution into a modern and diversified Media and Entertainment Group.
Leveraging our content, strong brands, our direct relationship with the audience, data and technology, we are now developing four strong pillars: Publishing, Broadcasting, Content Creation and Live Entertainment, creating synergies and diversifying our revenue streams.
With a strong financial base and investment discipline, we remain committed to organic growth and the capitalisation of our recent investments, while also examining new investment opportunities that can further enhance the Group’s growth prospects and long-term value.”
