German media giant ProSiebenSat.1 Group has reported a 4% drop in revenues to €1.8 billion ($2.1 billion) and adjusted net income at €230 million ($267 million) over the first half of 2018.
Ebitda stood at €459 million ($532 million) in the first half of 2018, on par with last year, while the adjusted Ebitda margin went up by 25.6%,, reflecting cost-management measures taken in the entertainment division as well as higher revenues from distribution activity.
ProSiebenSat.1’s ratings were also on par with last year, with a 26.9% market share, in spite of the Winter Olympics and the FIFA World Cup.
Jan Kemper, CFO of ProSiebenSat.1, said he anticipates “the second half of the year to be stronger, as it has been the case in previous years.”
In the production and global sales segment, ProSiebenSat.1’s Red Arrow Studios signed key production deals for the coming months. These include the first New York Times documentary series for the U.S.
Ebitda stood at €459 million ($532 million) in the first half of 2018, on par with last year, while the adjusted Ebitda margin went up by 25.6%,, reflecting cost-management measures taken in the entertainment division as well as higher revenues from distribution activity.
ProSiebenSat.1’s ratings were also on par with last year, with a 26.9% market share, in spite of the Winter Olympics and the FIFA World Cup.
Jan Kemper, CFO of ProSiebenSat.1, said he anticipates “the second half of the year to be stronger, as it has been the case in previous years.”
In the production and global sales segment, ProSiebenSat.1’s Red Arrow Studios signed key production deals for the coming months. These include the first New York Times documentary series for the U.S.
- 8/2/2018
- by Elsa Keslassy
- Variety Film + TV
Germany’s ProSiebenSat.1Group has reported a “solid start” to the year despite seeing a slight drop in revenues in the first quarter of 2018. The media giant saw revenues reach €881 million ($1.04 billion), a 3% decrease from the same period of 2017 (which had in turn seen 13% growth over 2016). However, ProSiebenSat.1 Media Se CEO Conrad Albert said that when looked at on an organic basis, adjusted for consolidation and currency effects, Group revenues would actually increase 1%.
The Group’s entertainment business provided the bulk of revenues, which were up 2% at €642 million ($759.9 million).
CFO Jan Kemper explained that the marginal decline in Group revenues during the first quarter had mainly resulted from what he called “temporary effects” of some deconsolidation in ProSieben’s travel business as well as a “still challenging environment in the U.S. production business combined with some effects head winds due to a weakened U.S. dollar.”
Adjusted net income...
The Group’s entertainment business provided the bulk of revenues, which were up 2% at €642 million ($759.9 million).
CFO Jan Kemper explained that the marginal decline in Group revenues during the first quarter had mainly resulted from what he called “temporary effects” of some deconsolidation in ProSieben’s travel business as well as a “still challenging environment in the U.S. production business combined with some effects head winds due to a weakened U.S. dollar.”
Adjusted net income...
- 5/9/2018
- by Robert Mitchell
- Variety Film + TV
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