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Fremantle Owner RTL’s Revenues, Profits Take a Hit Due to Weak Advertising Market
Revenues at Bertelsmann’s Luxembourg-based RTL Group, a media giant which owns Fremantle, dipped 5.2% to $6.7 billion for the financial year 2023.
Fremantle, RTL’s content arm, had a strong year from an awards point of view, with its Element Pictures producing Golden Globe, BAFTA and Oscar winner “ Poor Things.” However, revenue fell from €2.3 billion to €2.2 billion and EBITA from €162 million to €139 million. We grew our streaming services, extended our market leadership positions, in particular in Germany, and released globally acclaimed content. The second half of 2023 was one of the most profitable half-years in the history of RTL Group despite weak advertising markets and significant investments, enabling us to pay an attractive dividend.
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