Revenues at the RTL Group were down 9 percent in the first quarter to €1.4 billion ($1.5 billion), largely due to a challenging advertising market.
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For the first nine months of the year, revenues at RTL Group rose by 12 percent to €5 billion, driven largely by gains at Fremantle as well as a boost in streaming subs.
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RTL Group has decided to keep its controlling stake in Groupe M6, after having received "several financially attractive offers" for the 48.3 percent shareholding.
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RTL Group is reorganizing the management board of RTL Deutschland, which sees Thomas Rabe taking over as chairman and Stephan Schäfer stepping down.
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Revenues for the first half of the year at RTL Group rose by 8.7 percent to €3.3 billion ($3.4 billion), a new record for the company, but profit dropped to €304 million ($314 million) and the company has revised its 2022 outlook due to the “challenging macroeconomic environment.”
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RTL Group CEO Thomas Rabe talks about the company’s work with advertisers, Fremantle’s content offering and the business opportunities that have arisen from increased viewing during the pandemic.
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On revenues that were up 10.3 percent to €6.6 billion ($7.3 billion), RTL Group posted a record full-year profit of €1.5 billion ($1.6 billion), with gains across advertising, streaming and Fremantle.
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With a rebound in ad revenues, a bump in streaming revenues and gains at Fremantle, third-quarter revenues at RTL Group were up 4 percent to €1.45 billion.
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