×
You will be redirected back to your article in seconds

Content and Digital Growth Offsets TV Advertising Decline at ProSiebenSat.1

Strong growth in production, distribution and digital offset a reverse in TV advertising revenues at ProSiebenSat.1 in the most recent quarter. EBITDA profit was down in the quarter, which the German media giant said was expected, but up 6% over the first half of the year at €384 million ($430 million).

Revenues for the first half of ProSieben’s financial year were up 4% at €1.9 billion, and the company said it was on track to hit its full-year targets of a mid-single-digit revenue uptick, despite limited visibility in a bumpy TV ad market.

With the TV ad market tough to predict, ProSieben has been investing in online and digital businesses and in content and distribution through its Red Arrow Studios. It was a strong performer in the first half, with content production and sales revenue up a third at €319 million. EBITDA profit increased 28% at €17 million.

The company has also partnered with Discovery to launch the streaming platform Joyn, which it said has 3.8 million monthly users.

ProSieben CEO Max Conze also highlighted a strong quarter in programming. “Our show ‘The Masked Singer’ has just cast a spell over the whole of Germany,” he said. “The finale with 38.1% was the best ProSieben primetime market share since 2010. In the second quarter, our audience shares were the best in four years, and our digital view time is continuing to post double-digit growth.”

More TV

  • The 'Watchmen' Season Finale and More

    What to Watch on TV This Week: 'Watchmen' Season Finale on HBO

    Welcome back to Tune In: our weekly newsletter offering a guide to the best of the week’s TV. Each week, Variety’s TV team combs through the week’s schedule, selecting our picks of what to watch and when/how to watch them. This week, “Watchmen” airs its season 1 finale on HBO, and “The Expanse” returns for [...]

  • CBS HEADQUARTERS

    ViacomCBS Will Explore Sale of Black Rock CBS Headquarters

    ViacomCBS will explore the sale of the famous Black Rock building, which has served as the headquarters of CBS since the mid 1960s. Bob Bakish, CEO of the company, which was created last week from the merger of CBS Corp. and Viacom Inc., said the newly combined entertainment conglomerate would explore the sale of sundry [...]

  • NBCUniversal Peacock

    Comcast to Spend $2 Billion on NBCU's Peacock Streaming Service in First Two Years

    Comcast expects to pump $2 billion into NBCUniversal’s Peacock streaming service over 2020 and 2021, while the company is projecting it will not be profitable for the first five years, according to CFO Mike Cavanagh. Cavanagh, who provided the details Monday at UBS’s Global TMT Conference in New York City, tried to put the Peacock [...]

  • Lorenzo Soria77th Annual Golden Globes Nominations,

    HFPA President Responds to Golden Globes' Female Director Shut-Out: 'We Vote by Film'

    Despite gains in the number of films and TV shows helmed by women, female directors were completely shut out of the Golden Globes once again this year. The snub was immediately called out on social media, with filmmakers like “Honey Boy” director Alma Har’el tweeting, “do not look for justice in the awards system.” However, [...]

  • Bill Hemmer Will Inherit Shepard Smith

    Bill Hemmer Will Inherit Shepard Smith Slot at Fox News

    Bill Hemmer has been the faithful morning co-anchor at Fox News Channel, boosting the profiles of time-slot partners like Megyn Kelly, Martha MacCallum and Shannon Bream. Now he’s set to step into his own solo spotlight. Hemmer will take over the 3 p.m. timeslot previously anchored by Shepard Smith, the last stage of a much-scrutinized [...]

  • TV Ratings: 'Arrowverse' Crossover Propels CW

    TV Ratings: 'Arrowverse' Crossover Propels CW to Season High, 'Miss Universe' Down 18%

    Last night’s epic “Arrowverse” crossover episode  “Crisis on Infinite Earths” (part one of two) propelled the CW to its highest TV rating of the season so far. The episode came in at a 0.6 rating among adults 18-49 and drew 1.67 million total viewers, the second highest viewership for any episode on the network this [...]

  • The recipients of the 42nd Annual

    Heartfelt Tributes Trump Politics at Kennedy Center Honors

    WASHINGTON, D.C. — Political chatter was kept to a minimum Sunday night as the Kennedy Center Honors presented elaborate tributes to “Sesame Street” — made more poignant by the death of legendary puppeteer Caroll Spinney earlier in the day — as well as Sally Field, Linda Ronstadt, Earth, Wind and Fire and conductor Michael Tilson [...]

More From Our Brands

Access exclusive content