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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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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RTL Group saw the number of paying subscribers for its streaming services TV Now and Videoland rise by 71 percent year-on-year in the first quarter.
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RTL Group reported stronger than expected ad revenues in the third quarter and is forecasting its total revenues for this year will be around €5.8 billion ($6.8 billion).
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For the six months ended June 30, 2020, RTL Group's revenues were down 16.4 percent to €2.7 billion amid the COVID-19 pandemic, while the company reported gains in market share and an increase in paying subs for its streaming services.
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