ProSiebenSat.1 revenues up 22%
May 3, 2016
ProSiebenSat.1 Group increased its revenues by 22 per cent to €802 million in the first quarter of 2016. All segments contributed to this. In total, the Group already generated 43 per cent of its revenues outside the TV advertising business. This is an increase of 10 percentage points compared to the previous year. The share is expected to grow to around 50 per cet by 2018.
Thomas Ebeling, CEO of ProSiebenSat.1 Media SE, said: “We increased revenues and recurring EBITDA by double digits in the first quarter. Thanks to considerably higher TV advertising revenues and the dynamically growing digital business, we are successfully pursuing our growth trajectory. We are networking our high reach TV stations with our digital activities which enables us to explore new markets successfully. We are also making good progress in achieving our mid-term targets. By 2018, we want to increase revenues to €4.2 billion, which is a plus of €1.85 billion compared to 2012. We already realised almost 60 per cent of this target.”
In the broadcasting German-speaking segment, ProSiebenSat.1 Group increased its external revenues by 5 per cent to €493 million (previous year: €471 million). Recurring EBITDA grew by 4 per cent to €131 million (previous year: €126 million).
The positive revenue performance was primarily based on higher TV advertising revenues. The Group continued to benefit from a positive economic and industry environment and dynamic business over Easter. ProSiebenSat.1 Group is the German market leader in both the audience and the TV advertising markets. At the same time, the Group continued to increase its distribution revenues dynamically in the first quarter of 2016: The number of HD subscribers rose to 6.5 million (previous year: 5.6 million). By 2018, ProSiebenSat.1 expects an increase to over 9 million HD subscribers for its station portfolio.