{"id":4314,"date":"2012-11-08T00:00:00","date_gmt":"2012-11-08T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/2012\/11\/08\/prosiebensat-1-results-lifted-by-digital-growth\/"},"modified":"2012-11-08T00:00:00","modified_gmt":"2012-11-08T00:00:00","slug":"prosiebensat-1-results-lifted-by-digital-growth","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2012\/11\/08\/prosiebensat-1-results-lifted-by-digital-growth\/","title":{"rendered":"ProSiebenSat.1 Results Lifted by Digital Growth"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">MUNICH: ProSiebenSat.1 more than doubled its underlying net income in the third quarter, to 65.1 million euros ($83 million), with its performance bolstered by the 50-percent rise in digital revenues, to 85.9 million euros ($109.5 million). <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The group reported total revenues of 636.9 million euros, a gain of 7.1 percent. Recurring EBITDA increased by 2.3 percent to 167.3 million. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">In its German broadcasting segment, ProSiebenSat.1 Group suffered a tough comparison with the prior-year quarter. It was impacted by the Olympic Games, which aired exclusively on the public stations. The company announced that it will launch two additional free-TV&nbsp;stations, SAT.1 Gold and ProSieben MAXX, in the coming year. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The international broadcasting segment grew by 8.8 percent, with revenue supported by the Northern European stations. Norway and Denmark posted nice gains in their ad revenues. In the last six years, the group has launched eight stations in Norway, Sweden, Finland and Denmark. Higher distribution revenues, notably in Denmark and Sweden, contributed to the revenue growth for this unit. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Digital saw tremendous growth for the group. External revenues were up by 49.7 percent, due in part to contributions from the sale of online video advertising, the VOD portal maxdome, the music unit and the ventures &amp; commerce business. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The content production and global sales unit was effected by start-up costs for newly acquired production companies, leading to a dip in recurring EBITDA. External revenues in this segment were higher than the previous year. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Thomas Ebeling, the CEO of the ProSiebenSat.1 Group, said: &quot;In the last few years, we have consistently invested in new growth markets. This is paying off today. With a revenue increase of nearly 50 percent, our Digital &amp; Adjacent activities were the strongest growth driver in the third quarter of 2012 as well. We are developing ProSiebenSat.1 from a traditional TV provider to a digital entertainment powerhouse&mdash;and are thus setting the course for a long-term, successful development of the Group.&quot; <\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUNICH: ProSiebenSat.1 more than doubled its underlying net income in the third quarter, to 65.1 million euros ($83 million), with its performance bolstered by the 50-percent rise in digital revenues, to 85.9 million euros ($109.5 million). The group reported total revenues of 636.9 million euros, a gain of 7.1 percent. Recurring EBITDA increased by 2.3 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4314","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ProSiebenSat.1 Results Lifted by Digital Growth<\/title>\n<meta name=\"description\" content=\"ProSiebenSat.1 Results Lifted by Digital Growth. MUNICH, November 8: ProSiebenSat.1 more than doubled its underlying net income in the third quarter, to 65.1 million euros ($83 million), with its performance bolstered by the 50-percent rise in digital revenues, to 85.9 million euros ($109.5 million). . 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