ProSiebenSat.1 Reports Revenue & Earnings Growth

ProSiebenSat.1 Group has wrapped up the second quarter of 2017 with revenues of 962 million euros ($1.14 billion), an increase of 9 percent from the same period last year.

Adjusted EBITDA rose by 6 percent to 270 million euros ($320.9 million) while adjusted net income grew by 9 percent to 144 million euros ($171.2 million).

The commerce portfolio was again the most significant growth driver, with a 50 percent increase in revenue. External revenues in the digital ventures and commerce segment amounted to 227 million euros ($269.8 million). This growth led to a 58 percent increase in adjusted EBITDA to 45 million euros ($53 million).

In the content production and global sales segment, external revenues increased by 15 percent to 89 million euros ($105.8 million) while adjusted EBITDA rose to 12 million euros ($14.3 million), up from the previous year’s 11 million euros ($13 million). In particular, the production business in the U.S. continued to develop positively.

Revenues in the broadcasting German-speaking segment were slightly below the previous year’s level: external revenues amounted to 529 million euros ($628.8 million), down 2 percent. TV advertising revenues fell behind the previous year by 4 percent. However, adjusted EBITDA increased by 4 percent to 208 million euros ($247 million), reflecting lower operating costs. External revenues in the digital entertainment segment declined by 2 percent to 108 million euros ($128 million) and the adjusted EBITDA amounted to 7 million euros ($8.3 million), compared to the previous year’s 16 million euros ($19 million).

Thomas Ebeling, the CEO of ProSiebenSat.1 Media, said: “We continued our profitable growth despite the weaker development of the advertising market in the second quarter and anticipate an again positive environment within the TV advertising market for the second half of the year. We are further dynamically growing in the digital areas that are strategically important to us. The investments in our commerce business are paying off. Furthermore, we are driving the expansion of addressable TV, ad-tech and data, which are strategic growth areas for us.”