ProSiebenSat.1 Sees Rise in Q3 Revenue

November 6, 2014 World Screen Top Stories
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MUNICH: In the third quarter, ProSiebenSat.1 increased its revenues by 10.5 percent to 637.5 million euros ($790 million), with TV advertising and digital contributing to this growth.

Recurring EBITDA increased by 7.9 percent to 162.9 million euros ($202 million) compared to the same quarter of the previous year. Underlying net income increased considerably, up 13.9 percent to 74.7 million euros ($92.6 million).

In the Broadcasting German-speaking segment, external revenues grew by 3.7 percent to 437.6 million euros ($542.3 million) in the third quarter of 2014. This is a result from higher TV advertising revenues, as well as a continued increase in distribution revenues.

The ProSiebenSat.1 Group continued its dynamic growth in the Digital & Adjacent segment in the third quarter of 2014. External revenues increased by 27.8 percent to 158.7 million euros ($196.7 million).

The strongest revenue driver was the digital commerce business. The company also continued to grow in the digital entertainment business. With an increase of 23.6 percent, ProSiebenSat.1 expanded its position as leading online video marketing company to 50.4 percent.

In the Content Production & Global Sales segment, external revenues increased by 33.4 percent to 41.2 million euros ($50.1 million). Recurring EBITDA grew to 2.2 million euros ($2.7 million) in the third quarter of 2014, compared to the previous year's loss of 2.1 million euros ($2.6 million). A large contributor to this growth was the production business in the U.S.

For the full year, ProSiebenSat.1 is now forecasting a revenue increase in the high single-digit percentage rate (after previously predicting an increase of a mid to high single-digit rate).

Thomas Ebeling, ProSiebenSat.1's CEO, said: “ProSiebenSat.1 is on a very good track financially and strategically. In the third quarter of 2014, we grew profitably in all segments and are aiming for another record year. At the same time, we are developing all areas of our group in a future-oriented way. Thanks to continuous expansion and the linking of our TV business to the digital segment, we have laid an excellent foundation for further growth.”