Tag: RTL Group

RTL Group has revised its 2024 revenue forecast amid a weaker ad market in Germany and slowing growth in the production landscape.

In the first half of the year, revenues at RTL Group inched up by 1.8 percent to €2.9 billion ($3.2 billion), with group profit surging by 31.1 percent to €173 million ($189 million).

Improved advertising and streaming results helped drive RTL Group's first-quarter revenues to €1.3 billion ($1.4 billion), a 2.6 percent gain.

Group revenues for 2023 at RTL Group slipped by 5.4 percent to €6.2 billion ($6.7 billion), with a total profit of €598 million ($651 million).

RTL Group has clinched a deal to sell RTL Nederland to DPG Media for €1.1 billion ($1.2 billion) in cash.

Stephan Schmitter, the chief content officer at RTL Group, is set to take over leadership of RTL Deutschland at the beginning of 2024.

While revenues were down by almost 7 percent at RTL Group in the first nine months of the year, the company reported a 21 percent boost in streaming revenues as paying subs rose to 6.2 million.

RTL Group has tapped Jan Peter Lacher, currently chief transformation officer at RTL Deutschland, to join its corporate center as senior VP of content.

Full-year revenues at RTL Group rose by 8.8 percent to a record €7.2 billion ($7.6 billion) in 2022, thanks to gains at Fremantle, RTL Deutschland and RTL Nederland.

The Dutch competition authority ACM has informed RTL Group and Talpa Network that it will not approve the proposed merger of RTL Nederland and Talpa Network.