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Consumer Services

PT Global Mediacom Tbk

Company Background

Global Mediacom is Indonesia's largest media company. Its core free-to-air television network business, operated by publicly listed subsidiary Media Nusantara Citra, owns three national TV channels and claims a prime-time audience share of 40%. It also owns pay TV channels, newspapers, news websites and radio stations.

Global Mediacom, formerly known as Bimantara Citra, was founded in the early 1980s. It launched RCTI, Indonesia's first private TV station which was previously managed by a son of former President Suharto.

Hary Tanoesoedibjo, through his investment company, bought Bimantara after the fall of then-President Suharto in 1998 and became the company's president in 2002. The young Chinese-Indonesian not only built a media empire but has pushed efforts to diversify as well. In 2013, it formed an alliance with Chinese Internet giant Tencent.

Tanoesoedibjo also faced several blows during Indonesia's presidential election campaign in 2014. After resigning from the Hanura party, he backed presidential candidate Prabowo Subianto, who lost the election. Nevertheless, the media mogul is considered one of the driving forces behind the closest presidential election in Indonesia's history.

Business Summary

PT Global Mediacom Tbk is a media company, which engages in investment activities in integrated media, broadcasting, entertainment, and telecommunications industries. It operates through the following segments: Advertising and content; Pay TV and broadband; and Others. The firm’s activities include content production, content distribution, television and radio broadcasting, newspaper, magazine, tabloids, telecommunication operator, mobile content aggregator, and information technology systems integrator. The company was founded by Mohammad Tachril Sapi'ie, Hary Iswanto Tanoesoedibjo, Rosano Barack and Bambang Trihatmodjo on June 30, 1981 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2021 IDRUSD
Gross Profit6,155.70B430.62M
Operating income3,885.81B271.83M
Income before tax3,056.84B213.84M
Net income1,389.13B97.17M
Diluted EPS84.940.00
Dividends Per Share00
Total Assets34,795.77B2,441.38M
Total liabilities10,230.04B717.77M
Total equity14,027.06B984.18M
Operating cash flow4,071.58B284.82M
Currency in IDRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 10,829.45B 11,695.21B 12,936.50B 12,064.08B 13,976.64B
Gross Profit 5,013.91B 5,369.27B 6,004.43B 5,532.94B 6,155.70B
Operating income 2,847.52B 3,246.72B 3,706.46B 3,268.92B 3,885.81B
Income before tax 2,026.06B 1,782.74B 2,907.63B 2,224.28B 3,056.84B
Net income 493,835M 826,633M 1,403.73B 912,737M 1,389.13B
EBITDA 4,292.57B 4,745.56B 5,303.59B 4,788.48B 5,509.18B
Diluted EPS 35.70 59.70 94.59 59.32 84.94
Dividends Per Share 5 0 0 0 0
Total Assets 27,694.73B 28,968.16B 30,154.79B 32,261.56B 34,795.77B
Total liabilities 13,568.37B 14,665.70B 12,783.38B 11,477.23B 10,230.04B
Total equity 9,246.25B 9,497.78B 11,068.15B 12,235.67B 14,027.06B
Operating cash flow 4,410.45B 4,205.64B 4,029.49B 3,323.31B 4,071.58B
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 809.26M 821.47M 914.78M 829.62M 977.73M
Gross Profit 374.68M 377.14M 424.59M 380.48M 430.62M
Operating income 212.79M 228.05M 262.09M 224.79M 271.83M
Income before tax 151.40M 125.22M 205.60M 152.95M 213.84M
Net income 36.90M 58.06M 99.26M 62.76M 97.17M
EBITDA 320.77M 333.33M 375.03M 329.29M 385.39M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0.00 0 0 0 0
Total Assets 2,041.25M 2,014.47M 2,172.14M 2,296.19M 2,441.38M
Total liabilities 1,000.06M 1,019.86M 920.82M 816.88M 717.77M
Total equity 681.50M 660.48M 797.27M 870.86M 984.18M
Operating cash flow 329.58M 295.40M 284.93M 228.53M 284.82M

Valuation Measures

Dec 2021
Operating margin27.80%
Profit margin9.93%

Key executives

  • President Director & Chief Executive Officer: Hary Iswanto Tanoesoedibjo
  • Director & Director-Human Resources: Indra Pudjiastuti Prastomiyono
  • Head-Fraud & Prevention: Saut P S Napitupulu
  • Director: Syafril Nasution
  • Director: Ruby Panjaitan


  • PT MNC Asia Holding Tbk (45.1%)
  • LO KHENG HONG (6.0%)
  • The Vanguard Group, Inc. (1.4%)
  • PT Global Mediacom Tbk (1.3%)
  • Bellecapital Partners AG (0.2%)
  • BARACK ROSANO (0.1%)
  • State Street Global Advisors Ltd. (0.0%)
  • Dimensional Fund Advisors LP (0.0%)

Contact Details

  • Website:
  • Address: MNC Tower, Jalan Kebon Sirih No. 17-19, Jakarta, 10340, Indonesia
  • Phone: +62.21.3900310

Related Companies

  • Universal Media Holding Corp.
  • PT Mnc Media Investasi
  • PT MNC Vision Networks Tbk
  • PT MNC Lisensi International


    Last Updated on 4 Oct, 2022

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