Strong Second Quarter for ProSiebenSat.1

MUNICH: Net profit for ProSiebenSat.1 Group in Q2 was 108.1 million euros ($144.6 million), 3.6 percent higher than the year-ago period, on revenues that rose 10.6 percent to 691.1 million euros ($924.6 million).

“We increased our revenues dynamically in all key areas in the second quarter and thus continued to grow profitably," said Thomas Ebeling, CEO of ProSiebenSat.1. "Our TV advertising revenues rose again. At the same time, our distribution revenues and our Digital & Adjacent business developed very positively. For this reason we are starting the second half of the year optimistically.”

In its largest segment, German-speaking broadcasting, revenues were up 5 percent to 511.2 million euros ($683.9 million). The Digital & Adjacent segment, consisting of maxdome, gaming, web portals and other assets, delivered revenues that were 32.6 percent higher at 149.2 million euros ($199.6 million). Strong gains were also reported in the Content Production & Global Sales segment, with revenues increasing by 20.6 percent to 30.7 million euros ($41 million). The U.S. was the largest revenue contributor to this segment.