ProSiebenSat.1 Media Posts Familiar Q3 Results As Streaming Is Once Again High Point For A Commercial Networks Giant
deadline.comGermany’s ProSiebenSat.1 posted mixed third quarter revenues and adjusted earnings almost identical to 2023’s numbers, as streaming once again proved a high point for a major commercial network group.
Revenues came in at €882M, down 0.6% year-on-year, while adjusted EBITDA was €104M, down 5.6% from €110M. Adjusted net income grew 32.6% from €23M to €31M for the quarter, though adjusted cash flow fell 36% from €61M to €25M.
Full year revenues for the nine months to September were €2.66B, up marginally on the €2.57B from last year, and adjust earnings are almost identical, down from €888M to €882M.
ProSieben said the numbers reflect “the close correlation between consumer restraint and the cautious investments in TV advertising in the third quarter of 2024” and a significant decline in its Dating & Video segment.
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