EQS-Adhoc  129  0 Kommentare ProSiebenSat.1 has a very good start to 2024 as expected and confirms full-year outlook

The Group increased its revenues in the first quarter by 6% to EUR 867 million compared to the first quarter of 2023 (previous year: EUR 816 million). The recovery in TV advertising revenues made a significant contribution to this. At the same time, revenue growth continued in digital & smart advertising revenues in the German-speaking region – mainly driven by the streaming platform Joyn. With an increase of 36% in monthly video users and a rise in AVoD revenues of 50% in the first quarter compared to the previous year quarter, Joyn continues to develop very positive. While the Dating & Video business remained below the previous year as expected, the Group recorded very dynamic and profitable growth in the Digital Platform & Commerce portfolio. In particular, the online comparison portal Verivox and the online beauty provider flaconi developed very positively.

Despite the announced increase in programming expenses, adjusted EBITDA increased by 35% to EUR 72 million in the first quarter (previous year: EUR 53 million). As announced, ProSiebenSat.1 Group is increasingly investing in exclusive local content to strengthen its market share in linear TV and the growth of Joyn. At the same time, consistent cost management continued, which had a positive impact on earnings performance. In addition to the recovery of the advertising market and the associated positive development of the high-margin advertising business in the first quarter, the Digital Platform & Commerce companies Verivox and flaconi in particular made a contribution to the increase in earnings.

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