ProSiebenSat.1 reports a 9% decline in first-half revenue, citing a weaker German TV advertising market and competition related to FIFA World Cup rights. The company says weaker advertising demand offsets growth in streaming and digital advertising, which were not enough to fully compensate for the TV segment downturn. Both outlets attribute additional pressure to rival broadcasters holding the rights to the World Cup, which reduces viewership and ad inventory for ProSiebenSat.1 during the tournament period. Deadline adds that the company points to disposals as another factor affecting the revenue figure and notes that ProSiebenSat.1 still posts an EBITDA profit in the period, supported by cost cuts and reorganization efforts. The company also reports group revenue of about €1.5 billion. Overall, the results reflect contrasting trends across its business lines: digital and streaming advance while traditional TV advertising faces headwinds tied to market conditions and major sports programming competition.
ProSiebenSat.1 reports first-half revenue decline amid weak ad market and World Cup competition
ProSiebenSat.1 reports a 9% decline in first-half revenue, citing a weaker German TV advertising market and competition related to FIFA World Cup rights. The company says weaker advertising demand off...
- ProSiebenSat.1’s first-half revenue falls by about 9%.
- The company attributes the decline to a weaker TV advertising market and competition connected to FIFA World Cup rights held by rivals.
- Growth in streaming and digital advertising partially offsets, but does not overcome, weaker TV advertising.
- The company reports an EBITDA profit in the period, supported by cost cuts and reorganization.
- Group revenue is reported at about €1.5 billion.
ProSiebenSat.1 revenue slipped 9% in the first half with the German broadcaster blaming disposals, a declining TV advertising market and the fact that its competitors had the rights to the soccer World Cup. It did, however, post an EBITDA profit in the period amid cost cuts and reorganization. The Group revenue figure was €1.5BN ($1.73BN), […]
1 hour agoFirst-half revenue fell 9 per cent at the broadcaster as weaker TV advertising and competition from the FIFA World Cup offset growth in streaming and digital ads.
3 hours ago
Brenda Fricker’s funeral held in Dublin after Oscar-winning career
The family of Oscar-winning Irish actress Brenda Fricker announces funeral arrangements, with the service taking place i...
Trailer Released for Rajkumar Santoshi’s Partition Drama ‘Batwara 1947’ Starring Sunny Deol
The trailer for Rajkumar Santoshi’s historical drama ‘Batwara 1947’ is out, with the film presenting a Partition-era sto...
Spider-Man: Brand New Day post-credits scene points to off-world Spider-Man
Multiple outlets report that Spider-Man: Brand New Day ends with a single post-credits/coda sequence that reframes Peter...