ProSiebenSat.1 Group Delivers Q4 Gains

Fourth-quarter revenues at ProSiebenSat.1 Group were up 11 percent to €1.5 billion ($1.8 billion), including a 3 percent gain in entertainment ad revenues.

“We came out of the Covid-19 crisis quickly and strongly in 2020,” said Rainer Beaujean, chairman of the executive board and CFO of ProSiebenSat.1 Media. “We demonstrated this with strong performance and growth in all segments in the fourth quarter. In this traditionally important final quarter, our advertising business and international program production business continued to recover. We also remain very satisfied with the development of ParshipMeet Group. In addition to the consolidation effects from The Meet Group, its growth has also continued organically and in a profitable manner. As a result, we managed to noticeably exceed our most recent full-year forecast in terms of revenues and earnings. We are starting the new year with optimism. Although the first quarter will initially be impacted by the Covid-19 restrictions, we are confident that our business is robust and expect a significant upturn in the course of the year as soon as the environment returns to normal.”

At Seven.One Entertainment Group, which encompasses the group’s broadcast assets, revenues were up by 2 percent to €826 million ($994 million) in the quarter. Red Arrow Studios also saw the beginnings of a recovery, with Q4 revenues up 14 percent to €218 million ($262 million) in the quarter, although full-year-revenues were down 5 percent to €620 million ($746 million).

Net income at ProSiebenSat.1 in Q4 rose by 30 percent to €213 million ($256 million). For the full year, net income fell to €164 million ($197 million) on revenues of €4 billion ($4.9 billion).

Since the start of this year, the group has been structured around three key segments: entertainment, dating and commerce. “With our new set up, we are increasingly focusing on exploiting synergies within and between our business areas and thus creating added value as a group,” Beaujean stated. “In the entertainment business, we are laying a profitable foundation for our diversification with a focus on local content and improved monetization across all platforms.”