You will be redirected back to your article in seconds

ProSiebenSat.1 lifted by ad bounce

German company sees dramatic rise in profit

BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year.

The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million this year while total revenue rose $41.6 million, or 5%, to $873.4 million.

The improved performance resulted largely from greater TV ad revenues in Germany, the group’s core market.

Revenue at the German-speaking free TV division, which also includes Austria and Switzerland, gained a total of $37 million, or 7.2%, to reach $552 million. The conglom’s other European free TV assets, including channels in Scandinavia, Eastern Europe, Belgium and the Netherlands, saw revenue rise by $9.1 million, or 4.5%, to $212.7 million.

ProSiebenSat.1 also managed to cut its debt by $107 million to $4.5 billion.

More TV

  • Stephen CurryESPY Awards, Arrivals, Los Angeles,

    Steph Curry Closes Multi-Year Production Deal With Sony

    BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year. The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million […]

  • Roseanne revival

    Delayed Viewing Ratings: 'Roseanne' Continues to Dominate

    BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year. The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million […]

  • Westworld Season 2

    'Westworld' Season 2 Premiere Ratings Steady With Season 1

    BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year. The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million […]

  • Gretchen Carlson

    Gretchen Carlson Pacts With A+E Originals for Documentary Specials (EXCLUSIVE)

    BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year. The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million […]

  • Dr Lisa Damour UNTANGLED

    Dr. Lisa Damour’s Book ‘Untangled’ in Development at Hydro Studios

    BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year. The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million […]

  • 'Fast & Furious' Animated Series Set

    'Fast and Furious' Animated Series From DreamWorks Animation Set at Netflix

    BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year. The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million […]

  • Propagate Buys into Edouard de Vesinne's

    Propagate Buys into Former EuropaCorp Executive Edouard de Vesinne's Incognita

    BERLIN — In what appears to be a clear sign that Germany’s ad market is bouncing back, pan-European broadcasting group ProSiebenSat.1 posted higher than expected profits in the first three months of the year. The Munich-based company saw a dramatic hike in first-quarter net profit from E1.7 million ($2.25 million) in 2009 to $28.1 million […]

More From Our Brands

Access exclusive content