Positive Q2 Results at ProSiebenSat.1

MUNICH: The ProSiebenSat.1 Group increased its total revenues by 4.5 percent in the second quarter to 723.3 million euros ($887 million), thanks to its online services and international operations.

Adjusted net income gained 27.5 percent to 121.5 million euros. Recurring EBITDA grew 2 percent to 243.5 million euros.

Growth was led by the online video and games service Digital & Adjacent, as well as the positive results from its Nordic subsidiaries and a number of acquisitions. Revenues in the content production and global sales segment were 17.9 million euros, up from the previous year’s 4.9 million euros. External revenues more than tripled, increasing by 13 million euros.

Thomas Ebeling, the CEO of ProSiebenSat.1 Media, said: "We are on the right track with our growth strategy. More than two thirds of our revenue growth are already generated by the Digital & Adjacent and content production and global sales segments. We have already achieved more than 35 percent of the additional revenue potential that we targeted to achieve by 2015. This is a very good result."