Tag: ProSiebenSat.1 Media

ProSiebenSat.1 Media has sold its Verivox business and become the sole owner of NuCom Group and ParshipMeet Group as it simplifies its group structure and continues to refocus on its core entertainment business.

ProSiebenSat.1 Media posted 2024 revenues of €3.9 billion ($4.2 billion), a 2 percent year-on-year increase, despite a challenging linear TV advertising market.

For the first nine months of the year, ProSiebenSat.1 Media reported revenues of €2.66 billion ($2.8 billion), a 3 percent increase on the same period last year thanks to gains in digital advertising, while Q3 results were flat at €882 million ($930 million).

Revenues at ProSiebenSat.1 Media rose by 5 percent in the second quarter to reach €907 million ($989.6 million), driven in part by AVOD gains.

Powered in part by a recovery in its ad markets, ProSiebenSat.1 reported a 6 percent gain in Q1 revenues to €867 million ($937.8 million), with its adjusted EBITDA up by 35 percent to €72 million ($77.9 million).

Preliminary first quarter revenues at ProSiebenSat.1 Media rose by 6 percent to €867 million ($921.1 million), propelled by a recovery in ad revenues and gains at its streaming platform Joyn.

Bert Habets, group CEO of ProSiebenSat.1 Media, tells World Screen Newsflash about restructuring to weather short- and long-term shifts in the media economy, rationalizing international content spend and betting big on local entertainment that will resonate with audiences and advertisers alike.

Markus Breitenecker is joining the executive board of ProSiebenSat.1 Media and becomes chief operating officer, while Christine Scheffler exits.

On the heels of a better-than-expected Q4, ProSiebenSat.1 Media is targeting a slight gain in 2024 revenues to €3.95 billion ($4.32 billion).

Henrik Pabst, chief content officer and managing director of ProSiebenSat.1's Seven.One Entertainment Group, talks to World Screen Newsflash about running the division, offering quality entertainment across platforms and maintaining valuable takeaways from the challenges faced in 2020.