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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 & content; Pay TV & broadband; and Others. The company's activities include content production, content distribution, television and radio broadcasting, newspaper, magazine, tabloids, telecommunication operator, mobile content aggregator, and information technology systems integrator. PT Global Mediacom was founded by Mohammad Tachril Sapi'ie and Bambang Trihatmodjo on June 30, 1981 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2019 IDRUSD
Gross Profit6,004.43B424.59M
Operating income3,706.46B262.09M
Income before tax2,907.63B205.60M
Net income1,403.73B99.26M
Diluted EPS94.590.00
Dividends Per Share00
Total Assets30,154.79B2,172.14M
Total liabilities12,783.38B920.82M
Total equity11,068.15B797.27M
Operating cash flow4,029.49B284.93M
Currency in IDRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 10,581.31B 10,459.64B 10,829.45B 11,695.21B 12,936.50B
Gross Profit 3,945.00B 4,038.34B 5,013.91B 5,369.27B 6,004.43B
Operating income 1,989.65B 2,045.23B 2,847.52B 3,246.72B 3,706.46B
Income before tax 632,686M 1,412.17B 2,026.06B 1,782.74B 2,907.63B
Net income 70,246M 203,902M 493,835M 826,633M 1,403.73B
EBITDA 3,350.51B 3,481.78B 4,292.57B 4,745.56B 5,303.59B
Diluted EPS 5 14.70 35.70 59.70 94.59
Dividends Per Share 5 5 5 0 0
Total Assets 26,613.97B 24,624.43B 27,694.73B 28,968.16B 30,154.79B
Total liabilities 11,218.86B 10,712.44B 13,568.37B 14,665.70B 12,783.38B
Total equity 10,751.82B 9,234.39B 9,246.25B 9,497.78B 11,068.15B
Operating cash flow 3,483.22B 4,334.57B 4,410.45B 4,205.64B 4,029.49B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 789.81M 786.41M 809.26M 821.47M 914.78M
Gross Profit 294.46M 303.62M 374.68M 377.14M 424.59M
Operating income 148.51M 153.77M 212.79M 228.05M 262.09M
Income before tax 47.22M 106.17M 151.40M 125.22M 205.60M
Net income 5.24M 15.33M 36.90M 58.06M 99.26M
EBITDA 250.08M 261.78M 320.77M 333.33M 375.03M
Diluted EPS 0.00 0.00 0.00 0.00 0.00
Dividends Per Share 0.00 0.00 0.00 0 0
Total Assets 1,930.64M 1,827.75M 2,041.25M 2,014.47M 2,172.14M
Total liabilities 813.84M 795.13M 1,000.06M 1,019.86M 920.82M
Total equity 779.96M 685.42M 681.50M 660.48M 797.27M
Operating cash flow 259.99M 325.89M 329.58M 295.40M 284.93M

Valuation Measures

Dec 2019
Operating margin28.65%
Profit margin10.85%

Key executives

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


  • PT MNC Investama Tbk (45.1%)
  • PT Global Mediacom Tbk (2.2%)
  • Dimensional Fund Advisors LP (1.5%)
  • The Vanguard Group, Inc. (1.4%)
  • APG Asset Management NV (0.2%)
  • BARACK ROSANO (0.1%)
  • OP Investment Management Ltd. (0.1%)
  • State Street Global Advisors Ltd. (0.0%)

Contact Details

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

Related Companies

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  • PT MNC GS Homeshopping


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  • PT Visi Media Asia Tbk Class A
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  • Alphabet Inc. Class A
  • Verizon Communications Inc.
  • AT&T Inc.
  • PT Lippo Cikarang Tbk
Last Updated on 20 Oct, 2020

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