Digital business unit activities and a strong performance in German-language territories helped boost pan-European broadcaster ProSiebenSat.1’s first quarter results, with group revenues up 12.7% to €562.8 million.
Digital and adjacent segment revenues grew by 43.9% year-on-year to €96.7 million. The group said its MyVideo portal and the Maxdome video-on-demand service now gave it a 48% market share in online video and a 40% share in the VOD market, with more than one million active Maxdome users.
Revenues from broacasting in the German-speaking region grew by 4.7% to €441.1 million. ProSiebenSat.1 said that revenue from distribution, including HD channels basic pay TV fees, grew and contributed to the success of the group’s activities in the German-speaking market.
ProSiebenSat.1’s recurring EBITDA grew by 12.7% to €562.8 million.
“We are very pleased with our start into the financial year. All segments grew in the first quarter of 2013, and our Digital and Adjacent business is continuing to develop very dynamically,” said Thomas Ebeling, CEO of ProSiebenSat.1 Media. “We are also making very good progress towards our long-term goals. We have already achieved 61% of the additional revenue growth we aim to generate between 2010 and 2015. Against the backdrop of this strong performance, we have identified additional revenue growth potential of more than €150 million by 2015 for our Digital and Adjacent segment. We are further strengthening the integration of our TV and digital areas at full speed, offering huge potential for success to us. As the number one in the German-speaking free TV market, we reach millions of people every day through our television stations. We are using this reach consistently to establish new business areas and products, and we therefore have very good prospects for long-term growth.”
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