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Digital revenues boost ProSiebenSat.1

Digital and adjacent activities boosted ProSiebenSat.1’s top line in the third quarter, helping push the German TV group’s revenues to €576.9 million, up 13.9% year-on-year.

EBITDA climbed by 7.1% to €151 million. Digital and adjacent activities’ share of revenues increased by 21.5% to €124.1 million.The company said its Maxdome service now had a market share of 35% in the video-on-demand segment.

Basic pay TV subscribers increased by 12% to four million, with HD customers rising by 72% to 3.9 million.

Revenues from the German-speaking market rose by 6.5% to €421.9 million, with the audience share of its channels growing by 1.7 percentage points to 28.5%. ProSiebenSat.1 said it outperformed the domestic advertising market, thanks in part to the expansion of its portfolio with channels Sixx, Sat.1 Gold and proSieben Maxx.

Production unit Red Arrow increased its revenues by 5.6% to €30.9 million in the quarter.

“We significantly increased revenues and earnings again in the third quarter of 2013. We continue to expand dynamically in the digital and adjacent segment,” said CEO Thomas Ebeling. “Our digital activities already contribute more than 20% of our consolidated revenues. In the years to come, we will extend our leading position as a digital entertainment and e-commerce-powerhouse. By 2018, we want to generate €1 billion extra revenues compared to 2012. With our strong core business and new growth areas, we are in the best position to achieve this.”