Mondo TV Studios hits record sales figure of €3.6 million in 2021

Mondo TV Studios, part of the Mondo TV Group, one of the largest European producers and distributors of animated content, registered record sales of €3.6 million in 2021, 46.7% more than in 2020. According to the company, this growth was mainly due to the performance of the business segment dedicated to animation services. In addition, the strategic decision taken during 2020 to significantly expand the company’s Canary Islands studio, incorporating 3D animation capabilities, has made it possible to respond to growing demand in the industry.

This increased activity has boosted the generation of EBITDA (earnings before interest, taxes, depreciation and amortization), which, adjusted for the tax deduction generated in 2021 for the execution of foreign productions (a form of tax rebate), amounted to €1.3 million. This is 42.3% higher than the figure achieved in 2020.

A key event in this process came in September 2021 with the formal announcement of the creation of Mondo TV Studios, a new company resulting from the merger of Mondo TV Producciones Canarias and Mondo TV Iberoamérica. This new brand brings together a number of activities: animation services, production and co-production of both animation content and fiction for a more adult target, distribution, licensing & merchandising.

Within the Mondo TV Studios business lines, it was animation services that stood out in 2021. Revenues here grew by 185.8% compared to 2020, reaching around €2 million. This line of business – together with production and co-production – enjoyed a significant increase in activity that translated into a total of 12 animation productions and services, 50% more than in 2020.

“The introduction of the Mondo TV Studios brand underlines our aim to present to the market a more agile, efficient, competitive structure focused on innovation and sustainability. Our priority is to become a highly strategic partner in the production and marketing of a wide variety of entertainment content internationally. Being listed therefore reinforces our commitment to transparency and, of course, provides us with greater visibility as a company,” said Maria Bonaria Fois, CEO of Mondo TV Studios.

“We are promoting our investor relations policy to bring our strategic initiatives and growth expectations closer to the investment community and analysts. This, we feel, will help us to build a greater and more varied number of investors, made up not only of our traditional supporters in the audiovisual market, but also others who understand that our sector is experiencing strong growth and want to be a part of that growth,”  she added.