Tag: ProSiebenSat.1 Media

After a difficult first half of the year, ProSiebenSat.1 Media says revenues stabilized in the third quarter, slipping by 3 percent to €888 million ($952 million).

Citing a deteriorating macroeconomic environment, ProSiebenSat.1 Media reported lower Q3 revenues of €921 million ($956 million), a 13 percent decline, while revenues for the first nine months of the year were relatively stable at €2.9 billion ($3 billion).

Former RTL Group chief Bert Habets has been named the new group CEO at ProSiebenSat.1 Media, replacing Rainer Beaujean.

ProSiebenSat.1 Media is taking 100 percent control of the video platform Joyn, buying out Warner Bros. Discovery's stake in the venture.

ProSiebenSat.1 Media has confirmed its 2022 outlook on the heels of strong ad gains in the first quarter, with overall revenues up 2 percent to €954 million ($993.2 million).

Full-year revenues at ProSiebenSat.1 rose 11 percent to €4.5 billion ($5 billion), led by ad gains in its entertainment segment.

ProSiebenSat.1 Media has revealed a set of personnel changes to its supervisory and executive boards, including intending to elect Dr. Andreas Wiele as the new chairman of the supervisory board.

With third-quarter revenues up 15 percent to €1.05 billion, ProSiebenSat.1 Media has again raised its 2021 full-year outlook.

ProSiebenSat.1 Media posted third-quarter revenues of €921 million ($1.09 billion), slightly lower than the same period last year but a considerable improvement on the pandemic-impacted second-quarter results.

Max Conze has stepped down as CEO of ProSiebenSat.1 Media, effective immediately, as the European media group refocuses its business on its entertainment segment.