(Alliance News) - RCS MediaGroup Spa on Monday reported that it closed the first quarter with a peprdita of EUR1.8 million from EUR1.6 million as of March 31, 2023.

Revenues for the period stood at EUR168.9 million from EUR179.1 million in Q1 2023.

As of March 31, Ebitda stood at EUR12.6 million from EUR10.6 million in 2023.

Ebit in the quarter was negative EUR600,000 from negative EUR2.6 million in 2023.

Net financial debt amounted to EUR12.4 million from EUR23.4 million as of Dec. 31, 2023.

The company reported that in the first quarter it confirmed itself as the leading online publisher in Italy, with an aggregate figure of 31.8 million average monthly unique users for Audicom.

In detail, Corriere della Sera ranked first Italian newspaper on newsstands with a total active digital customer base at the end of March of 615,000 subscriptions.

Also growing is the customer base of Gazzetta pay products with 224,000 subscriptions and El Mundo and Expansion with 143,000 and 89,000 respectively.

RCS MediaGroup trades in the green by 0.7 percent at EUR0.88 per share.

By Claudia Cavaliere, Alliance News reporter

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