Today news
Related News
With $4.9 Billion Revenues, Germany’s ProSiebenSat.1 Group Exceeds Projections in Pandemic Year
Reading now: 589
variety.comNaman Ramachandran Despite a 2020 blighted by COVID-19, German broadcasting giant ProSiebenSat.1 Group posted revenues of €4.04 billion ($4.91 billion) and adjusted earnings of €700 million ($850.9 million) for the full year, according to preliminary, unaudited figures.In the third quarter of 2020, the group had targeted revenues of approximately €3.85 billion ($4.52 billion) for the full year, with an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of €650 million ($763 million), which they have exceeded.The preliminary results attribute the relative spurt in business to the group’s slow but steady growth in its advertising business.
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.
