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ProSiebenSat.1 confirms guidance on strong results

Germany-based broadcaster ProSiebenSat.1 has confirmed its positive guidance for the year after posting solid second-quarter results. The group saw revenue from continuing operations (excluding its now disposed of subsidiaries in Belgium and the Netherlands) grow by 6.5% to €692.2 million, while recurring EBITDA was up 6.8% to €238.7 million. Underlying net income, meanwhile, was up by 63.4% to €142.5 million, boosted by the sale of its Belgian and Dutch operations.

TV stations in Norway and Denmark saw strong growth in advertising revenues, as did ‘diversification’ segment activities including video advertising, games and mobile. German video-on-demand service Maxdome provided positive revenue growth. However participation TV channel 9Live, which is to be closed down next week, saw revenues fall. The group’s core German-language channels meanwhile saw revenues rise by 3.7% to €477.2 million. The German channels saw their audience share rise by 1% year-on-year  to 29.2%.

Thomas Ebeling, CEO of ProSiebenSat.1 Media said, “We have a good position in the television advertising business and are continuing to expand the areas directly related to classical advertising-financed television. We thus accelerated our growth. ProSiebenSat.1 is on track for a new record year.”