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Advertising rebound pushes ProSiebenSat.1 back in black

German commercial broadcaster ProSeibenSat.1 posted a 64.3% increase in recurring EBITDA to €154.9 million for the third quarter. Overall EBITDA grew by 131.3% to €144.1 million, while profit grew by €44.7 million to a positive €32 million, exceeding market expectations.

The group attributed its strong showing to higher ad revenues in the core Germany market. External revenues in German-speaking free TV market grew by 14.8% to €387.1 million for he quarter, while international free-to-air TV contributed €156.7 million, up 5%. Group consolidated revenues totaled €626.9 million, up 12%.