ProSiebenSat.1 highlights ad-focused streaming strategy, rejects RTL merger idea

ProSiebenSat.1 believes that an advertising-focused offering with a slim premium layer is the best way to maximise returns from streaming in an environment where subscription growth is levelling off. Speaking to analysts after the group posted its year-end results, CEO Rainer Beaujean said that the company’s streaming offering, Joyn, was “the cornerstone of our digital […]

ProSiebenSat.1 rebounds as ad market rises

ProSiebenSat.1 rebounded strongly last year as higher ad revenues boosted its top line growth to 11%, ending the year on €4.5 billion. Adjusted EBITDA also grew strongly, up 19% to €840 million, with adjusted net income up 64%. The group said it now expects current year revenues to reach €4.6 billion, with revenue growth forecast […]

Berenberg reflects on mixed quarter for ProSiebenSat.1

Analysts at Berenberg have reiterated a hold rating, with a reduced price target, for ProSiebenSat.1 after concluding that the German broadcaster’s advertising business performed better than expected but that its high-growth e-commerce activities performed less well in the final quarter of last year. According to Berenberg, “while the entertainment business appears to have had a […]

New chair for ProSiebenSat.1, Beaujean becomes CEO, Habets joins supervisory board

Andreas Wiele is to succeed Werner Brandt as chairman of the supervisory board of German broadcaster ProSiebenSat.1 when the latter departs next May. Rainer Beaujean, chairman of the company’s executive board is meanwhile to become CEO with a new five-year contract. Brandt, 67, decided not to stand for re-election at the Annual General Meeting to […]

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 […]