ProSiebenSat.1 Media revealed a set of solid results for its Q3 trading earlier this month, but, in the words of analysts at investment bank Berenberg, the broadcaster’s numbers were overshadowed by concerns about the lack of growth in the company’s dating business. “This dating assets (Parship, Meet), which is set to be listed in 2022, […]
ProSieben.Sat1 published its Q3 results on November 4th which were in line with expectations on revenues but in the words of analysts at investment bank Exane/BNPP there was “a surprising miss on its EBITDA”. Net income benefitted among others from the financial result and beat consensus expectations by 38 per cent. The highlight, said the […]
ProSiebenSat.1 Media continued its revenue and earnings growth in the third quarter of 2021. The Group generated a considerable revenue increase of 15 per cent to €1.05 billion (previous year: €921 million), with the advertising business in particular growing strongly and improving even better than expected after the effects of the pandemic. In the Entertainment […]
ProSiebenSat.1 Media’s CFO Rainer Beaujean, speaking at investment bank Berenberg’s German Conference on September 21st, told delegates that he was “extremely confident” that the broadcasting group will hit its EBITDA target of +/-€820 million, notwithstanding investment in new programming formats that should pay off in the longer term. That programming reinvestment is being made possible […]
Czech billionaire Daniel Kretinsky has raised his stake in TF1 to 5.05 per cent through his Luxembourg-based company Vesa Equity Investment, which has been owning a minority share since 2019. Kretinsky envisages further investment, justifying his move by expressing confidence in the French economy and its outlook. “TF1 is a company in which we believe […]
Videociety, a subsidiary of Germany media company Splendid Medien, has reached an agreement with Joyn, the ProSiebenSat.1 and Discovery joint venture, to acquire its maxdome VoD store. With the takeover, effective from October 1st, the Splendid Group says it intends to further expand its VoD business. Financial terms were not disclosed. “We are seeing an […]
ProSiebenSat.1 Group has reported a “dynamic recovery” in its portfolio in the second quarter of 2021 compared to the pandemic-impacted previous year’s quarter. The German broadcasting group generated record revenues with an increase of 48 per cent to €1.04 billion (previous year: €709 million) – the highest figure ever achieved by ProSiebenSat.1 in a second […]
ProSiebenSat.1 Group recorded a strong recovery in the second quarter of 2021 compared to the pandemic impacted previous-year quarter. Following this substantial and profitable growth, the Group also again increases its outlook for financial year 2021. On the basis of preliminary and unaudited figures, Group revenues rose by 47 per cent to around €1,045 million […]
A comprehensive report from investment bank Exane/BNPP on German broadcaster ProSiebenSat.1 says that next year Germany and its television ad-market will be the first European market to have recovered to 2019 and pre-Covid levels. The bank’s study says that it expects a “strong rebound” for advertising this coming half-year and into 2022. Consequently, it has […]
Despite the continuing impact of the Covid-19 pandemic, ProSiebenSat.1 Group has reported a strong start in its 2021 financial year. In the first quarter of 2021, the Group generated revenues of €938 million – a slight increase of 1 per cent compared to the previous year. In the first three months of the year, the […]