Recurring revenues were €2.7 billion, down 1.3%. Reported EBITDA was €437 million, down 1.7%. The group registered a goodwill impairment charge of €252.94 million and a tax provision of €183 million.
Prisa had 1.84 million subscribers at the end of the year. DTH customers fell by 16,671 compared with a fall of 72,949 in 2010 and ARPU remained above €41, with churn rates falling to 13.6% from 15.8% in 2010, iPlus DVR customers grew by 65% over the year to reach 503,202.
Prisa saw strong growth in Latin America and digital revenues, while advertising revenues in Spain and Portugal totaled €498.1 million. The group completed an efficiency plan that should see it make annualised savings of €64.5 million on an investment of €94.8 million, and the group’s debt was refinanced, extending its maturity to 2014-15.
In line with the efficiency plan, 92% of the group´s management accepted a 7% reduction in fixed salary.
“These results demonstrate the operating resilience of our businesses even in an environment with extreme economic cycle weakness,” said chairman and CEO Juan Luis Cebrián.
3SS to more than double install base in 2021 digitaltveurope.com/2021/02/26/3ss… https://t.co/jyus4F4cgh
26 February 2021 @ 18:30:00 UTC
Amazon entertainment device boss Marc Whitten departs digitaltveurope.com/2021/02/26/ama… https://t.co/N71C31v8Y1
26 February 2021 @ 17:00:01 UTC
Little Dot Studios selects Amagi for OTT and CTV expansion digitaltveurope.com/2021/02/26/lit… https://t.co/XudJTsnAhw
26 February 2021 @ 16:00:01 UTC