FremantleMedia Lifts RTL Q3 Results


LUXEMBOURG: RTL Group reported revenue that was up 5.5 percent in the third quarter to 1.3 billion euros ($1.65 billion), thanks to higher TV ad sales from the Mediengruppe RTL Deutschland and growing revenues at FremantleMedia.

The group’s reported EBITA was up by 5.8 percent to 165 million euros ($209 million). This growth was led by FremantleMedia, which benefited from the phasing of productions and the sale of a building in London during the quarter.

For the nine-month period ended September 2012, revenue grew by 4 percent, reflecting higher revenue from Mediengruppe RTL Deutschland and FremantleMedia. Reported EBITA was down by 9.8 percent, as higher profit contribution from the German TV operations was offset by challenging market conditions in other countries.