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ProSieben Profits Touch $100M In Q2 As “Efficiency Measures Take Effect,” German Giant Says
ProSieben Q2 Results: Efficiency measures are taking effect, the German giant has said after the boardroom battle earlier this year.
The TV and streaming group, which recently survived a boardroom battle, said growth targets remain in place for the end of 2024 after a difficult past 12 months. In its forward-looking outlook section, ProSieben said the group’s adjusted EBITDA expectation is on track to hit €575M as it continues to target weighty turnover gains to €3.95B. Shareholders MediaForEurope(MFE) and PFF IM had called for management at the German TV giant to explore a proposal to separate the core broadcasting and content business from its Commerce & Ventures and Dating & Video segments.
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