Tag Archives: 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).

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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).

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

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

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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).

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

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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.

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

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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.

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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.

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