Leo Barraclough International Features Editor ProSiebenSat.1 Group, which owns one of Germany’s leading broadcasters and one of its top streaming platforms, continues to feel the effects of a “challenging” economic environment, but, nevertheless, has pledged to ramp up investment in local shows.
On Thursday, the group reported revenues of Euros 3.85 billion ($4.2 billion) in the 2023 financial year, down 7% on the previous year.
Adjusted EBITDA decreased to Euros 578 million ($629 million) from the previous year’s Euros 678 million ($739 million). Net income amounted to minus Euros 134 million ($146 million) in 2023 compared with the previous year’s minus Euros 49 million ($53.4 million).
Adjusted net income decreased to Euros 225 million ($245 million) from the previous year’s Euros 301 million ($328 million).
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