Prisa presented this Tuesday its results for the first half of the year, in which it has achieved reduce its losses by 32.7% to 24.4 million eurosaccording to information sent to the National Securities Market Commission (CNMV). The firm details that the reduction in losses has occurred «thanks to the improvement in financial results and the increase in the result of the equity method (for the sale of non-strategic assets in Radiópolis)». The Financial results have improved by 25% in the first half of the year, with losses of 49.1 million«despite the increase in interest rates due to a lower negative impact of hyperinflation adjustments in Argentina (due to lower results in the first half of 2024) and a lower negative impact on the 'fair value' of the debt in the first half of 2024.» For its part, Operating income fell by 3.4% in the period, to 425.6 million, although the firm assures that these increase by 3% year-on-year «excluding extraordinary effects». «As for income in the first six months of the year, it stands out the improvement of Santillana's subscription models and the increase in El Paí's digital subscriberss, which continue to drive the digital transformation and growth of the group. In addition, advertising has also performed well, especially on the radio,» the company explains. Prisa assures that, «excluding extraordinary effects, the growth of income, together with exhaustive cost control, has meant a very significant improvement in EBITDA compared to the first half of 2023 (+20%). The improvement during the second quarter has been especially significant, where EBITDA grew by 60% compared to the second quarter of 2023.» These extraordinary effects correspond to the fact that in 2023 the firm recorded «extraordinary institutional sales in Santillana Argentina«and with the registration of 10 million in other operating income in the first quarter, «following the favorable arbitration award in relation to the 2020 conflict over the failed sale of the Media Capital business to Cofina.»