×
You will be redirected back to your article in seconds

RTL Group Reports 53% Hike in Profit

Revenue fell 1.3% to $3.71 billion

LONDON — RTL Group, Europe’s leading broadcast network with interests in 53 channels in 10 countries, has reported a massive hike in earnings for the first half of the year.

Net profit was up 52.6% to €418 million ($558 million), benefiting from the reversal of a 2012 impairment, totaling €72 million ($96 million), on the group’s shareholding in Spanish net Atresmedia (formerly Grupo Antena 3).

Revenue fell 1.3% to Euros 2.78 billion ($3.71 billion) as conditions in the TV ad market remained challenging. Only the German TV ad market was stable year-on-year, while all of the group’s other core markets fell.

EBITA jumped 9.1% to €552 million ($737 million), the second best first-half EBITA in the group’s history. EBITA of RTL in Germany rose by 9.3% to €306 million ($409 million). EBITA of France’s M6 was slightly up to €127 million ($170 million). FremantleMedia, RTL’s production and distribution arm, reported EBITA of €47 million ($63 million), compared with €40 million ($53 million) last year.

RTL Group continues to grow its digital presence. In June, it acquired a 51% stake in Broadband TV, YouTube’s fifth largest Multi-Channel Network. In July, it acquired a 65% stake in The Entertainment Group, the leading pay video-on-demand company in the Netherlands. RTL Group’s video services and websites attracted 4.8 billion online video views in the first half of this year, up 35% year-on-year.

Anke Schaeferkordt and Guillaume de Posch (pictured), co-CEOs of RTL Group, said in a joint statement: “Our strong interim results again demonstrate the resilience of our diversified portfolio and business model. Despite a tough economic environment, all profit indicators — EBITA, profit margin and net result — were significantly up.”

More TV

  • DANCING WITH THE STARS - "Boy

    Sean Spicer Voted Off 'Dancing With the Stars'

    Sean Spicer will no longer appear on America’s television sets every Monday evening, at least as part of “Dancing With the Stars.” The former White House press secretary was voted off “DWTS” Monday night despite President Donald Trump’s earlier tweet urging the American people to vote for Spicer on ABC’s dancing competition show. The tweet [...]

  • US game show host Alex Trebek

    Alex Trebek Gets Emotional on 'Jeopardy!' After Contestant's Heartfelt Message

    Alex Trebek appeared to tear up on Monday’s episode of “Jeopardy!” after a contestant used his response to a prompt to convey the message “We love you, Alex.” As his answer to one of Monday’s questions, Tournament of Champions semifinalist Dhruv Gaur penned the message with a heart in place of the word “love,” betting [...]

  • Seinfeld

    Alan Horn Remembers How Rick Ludwin Saved 'Seinfeld'

    Rick Ludwin was the unsung hero of “Seinfeld.” That’s how Alan Horn, Walt Disney Studios chairman and former head of “Seinfeld” producer Castle Rock Entertainment, remembered the longtime NBC executive who died Nov. 10 at the age of 71. Ludwin was instrumental in getting the beloved “show about nothing” on to NBC as a regular [...]

  • ViacomCBS

    ViacomCBS Exec Shuffle Signals Move Toward $500 Million in Synergy Goals

    The latest cluster of high-level ViacomCBS executive announcements — which included CBS chief creative officer David Nevins and MTV/VH1 chief Chris McCarthy expanding their oversight, and Comedy Central head Kent Alterman exiting — likely constitutes the last round of public leadership shuffling ahead of the close of the Viacom-CBS transaction in early December, according to [...]

  • Editorial use only. No book cover

    TV News Roundup: Netflix Sets 'You' Season 2 Premiere Date

    In today’s TV news roundup, Netflix announces the second season premiere date for “You,” and Quibi has named six more cast members joining its upcoming series “The Now.”  CASTING Samantha Richelle, Arthur Acuña (“Princess and I”), Nonie Buencamino (“Sparks”) and Ces Quesada (“Invisible”) have been cast in WGN’s upcoming drama “Almost Paradise.” The four members join previously announced lead cast [...]

  • WGA Agents Packaging Fight Placeholder

    Writers Guild Continues to Slam Agencies Over Affiliate Ownership

    With the Writers Guild of America’s stalemate with talent agencies in its seventh month, the guild has doubled down on the issue of ownership of production. In a message to titled “The Truth About Agency Studios” sent to members Monday, the WGA’s negotiating committee blasted the leading agencies CAA, UTA and WME for owning the [...]

More From Our Brands

Access exclusive content