ProSiebenSat.1 results ‘overshadowed’ by poor dating numbers

ProSiebenSat.1’s solid results from its media and entertainment and production businesses risks being overshadowed by the poor performance of its online dating business, according to analysts at Berenberg, who have given the German broadcaster a ‘hold’ rating. ProSiebenSat.1’s latest quarterly numbers showed that company was benefiting from higher than expected growth in the fast-recovering German […]

ProSiebenSat.1 raises outlook following stellar ad growth

German commercial broadcast group ProSiebenSat.1 has raised its full-year outlook after posting strong revenue growth for the third quarter, driven by ad revenues in particular. The company posted revenues of €1.055 billion, up 15%, with EBITDA up almost 9% to €162 million. ProSiebenSat.1 said that revenues were now above pre-pandemic levels across all segments. Entertainment […]

ProSiebenSat.1’s commerce and ventures arm sells Amorelie

German broadcast group ProSiebenSat.1’s NuCom commerce and ventures arm, now part-owned by US-based General Atlantic, has sold its 98% stake in sexual wellness outfit Amorelie to EQOM Group, which has also acquired founder Lea-Sophie Cramer’s 2% stake in the venture. ProSiebenSat.1 said that, having helped expand the Amorelie brand through TV advertising, the time had […]

Daniel Kretinsky takes 5% stake in TF1

Czech businessman Daniel Kretinsky has taken a 5% stake in French commercial broadcaster TF1, according to local reports. Kretinsky told financial daily Les Echos that he had confidence in the prospects of the French economy and that TF1 represented a good investment because of the company’s “solidity”. He said that he was “very favourable” towards […]

Germany’s Videociety to take over Maxdome brand

Germany’s Splendid Medien-owned Videociety has struck an agreement with ProSiebenSat.1-Discovery joint venture streaming outfit Joyn to take over the former ProSiebenSat.1-owned Maxdome video-on-demand brand, effective October 1. The Splendid Group outfit, which operates a direct-to-consumer offering as well as supplying video platform services to third party providers including Freenet, said it intends to tap the […]

ProSiebenSat.1 posts solid results on advertising growth

Germany’s ProSiebenSat.1 has posted solid Q2 results, with revenue growing by 48% to €1.048 billion, with adjusted EBITDA jumped seven times to €166 million. A strong advertising recovery was the key factor behind the good results, enabling the group to up its outlook for the year, with revenues now expected to be between €4.4 billion […]

ProSiebenSat.1 ups outlook after advertising bounceback

Germany’s ProSiebenSat.1 Group has upped its outlook for the financial year after recording what it described as a very strong recovery in the second quarter compared to the COVID-19 impacted previous-year quarter. The company’s revenues rose by 47% to around €1.045 billion in the second quarter. Adjusted EBITDA grew more than seven times to around […]

ProSiebenSat.1 restructures digital businesses, NuCom CEOs to go

German broadcaster ProSiebenSat.1 is to create a single structure for digital investment businesses, with the two co-CEOs of NuCom Group, the joint venture with US-based General Atlantic that houses its dating and e-commerce activities, to leave the company.   Since January, ProSiebenSat.1 has bundled its digital investments under the umbrella of the newly established commerce […]

ProSieben approaches talk of Mediaset merger ‘with an open mind’

ProSiebenSat.1 will not rule out the possibility of a merger, CEO Rainer Beaujean has told investors. There has been mounting interest in the German broadcaster from Mediaset which wants to improve on its 12.4% voting stake of ProSieben – with that being topped up to 23.5% via shares and other financial instruments. Following a truce […]

ProSiebenSat.1 sees growth as result of divested strategy

ProSiebenSat.1 Media has increased its full-year outlook following a good start to the 2021 financial year.  The group saw revenue growth of 1% and a 9% decline in core profit in Q1, both beating analyst expectations. The company attributed its positive outlook as a result of diversifying away from relying on TV advertising. Overall, it […]

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