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ProSiebenSat.1, German Television, Streaming Group, Sees Revenue and Profits Continue to Soar in Second Quarter of 2024
German media giant ProSiebenSat.1 reported a 5% increase in both Q2 and first-half 2024 revenues.
The group’s adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) rose 14% to €91 million in Q2, reflecting the impact of efficiency measures. ProSiebenSat.1 maintained its full-year outlook, aiming for group revenues of around €3.95 billion (plus/minus €150 million) and adjusted EBITDA at the midpoint of the previous year’s level. In this context, programming expenses will be higher than in the previous year, particularly in the months with the highest reach and therefore especially after the European Football [soccer] Championship and the Olympic Games from September onwards.”
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