RTL Group Revenues Soar to $7.6 Billion, Streaming Subscribers Up 45%, But Profits Slide
Reading now: 565
variety.comNaman Ramachandran Revenues at Bertelsmann’s Luxembourg-based RTL Group, a media giant which owns Fremantle, climbed 9% to a record €7.2 billion ($7.6 billion) for the financial year 2022.
However, the company’s EBITA (earnings before interest, taxes and amortization) slid 6% to €1.08 billion, down from €1.15 billion in 2021.
RTL attributes this to higher streaming start-up losses and lower TV advertising revenue at RTL Deutschland, and the exits of RTL Belgium and Groupe M6.
These effects were partly offset by record adjusted EBITA contributions from RTL Nederland and Fremantle, RTL said. The RTL Group has interests in 56 television channels, nine streaming services and 36 radio stations.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
