
ProSiebenSat.1 confirms preliminary Q1 figures published on April 22, 2020
Group revenues in the first quarter of 2020 with slight growth of 1% to EUR 926 million; revenues in the non-TV core advertising business account for 52% of Group revenues
Good Group performance until mid-March, then first effects of COVID-19 crisis visible
SevenOne Entertainment Group's revenues decline by 3%, Red Arrow Studios with stable revenues, NuCom Group grows significantly by 15%
Adjusted EBITDA decreases from EUR 190 million to EUR 157 million; adjusted net income from EUR 94 million to EUR 58 million
Solid liquidity position: EUR 898 million cash on balance sheet as per March 31, 2020; in addition, EUR 350 million RCF drawn beginning of April; remaining part of RCF with EUR 400 million available at any time, covenant-free debt documentation
Outlook: COVID-19 pandemic with significant impact on the business across all segments; reliable outlook for the second quarter and the full-year currently not possible; Group already withdrew financial outlook for 2020 on April 22, 2020
Unterfoehring, May 7, 2020. ProSiebenSat.1 confirms the preliminary figures for the first quarter of 2020, which were already published on April 22, 2020: The first quarter was seeing a satisfying performance for ProSiebenSat.1 Group, until the COVID-19 related restrictions on public and economic life began to make first impacts from mid-March on. Overall, the Group closed the quarter with a slight revenue increase of 1% to EUR 926 million (previous year: EUR 913 million). Organically (1), revenues declined marginally by 1%. The non-TV core advertising business accounted for 52% of Group revenues in the first quarter of the year (previous year: 48%); the digital share of Group revenues was 35% (previous year: 30%).
Rainer Beaujean, Chairman of the Executive Board & Chief Financial Officer of ProSiebenSat.1 Media SE: Until Germany's coronavirus related restrictions started, we were performing well in the first quarter. Since then, we have been seeing impacts of the pandemic in many of our businesses. We are therefore systematically addressing all non-business critical costs and setting up ProSiebenSat.1 securely for the future also thanks to a stable liquidity. In this extraordinary situation, special thanks go to our employees, who are creating new programs and advertising ideas and are adapting our productions as well as NuCom Group's services and products to the constantly changing circumstances with impressive creativity, dedication and pragmatism. I am very confident that we will thus navigate ProSiebenSat.1 well through this crisis together.
In the SevenOne Entertainment Group (formerly: Entertainment) segment, external revenues decreased by 3% to EUR 563 million (previous year: EUR 579 million). Organically, external revenues likewise declined by 3%. This reflects in particular the 4% decline in total advertising revenues, after the first advertising bookings were canceled in March as a result of COVID-19 in an already challenging market environment. In contrast, the digital and smart advertising business continued to grow dynamically in this environment, increasing by 32%. The distribution business also developed positively again.
As a system relevant media company, ProSiebenSat.1 is assuming more than ever the Group's social responsibility to provide viewers with regular, relevant and reliable information. Across all channels and platforms, the Group has therefore offered daily news updates in the station's news and magazines as well as in special programming since the start of the coronavirus pandemic. At the same time, ProSiebenSat.1 is fulfilling the viewers' need for distraction, which has grown considerably in the current situation, with the stations' numerous entertainment programs. Since mid-March, the Group has seen an increase in viewing time both linear and digital: In March, Total Video Viewtime, i.e. the total number of minutes viewed on all of the Group's linear channels and digital entertainment platforms, rose by 16% compared to the previous month, and unique users of the streaming platform Joyn grew by 12% compared with February 2020 to around 4 million.
The impact of COVID-19 related governmental restrictions were also already visible in the Red Arrow Studios (formerly: Content Production & Global Sales) segment. External revenues were on a par with the previous year at EUR 134 million (previous year: EUR 135 million). Organically, thus adjusted for currency effects, revenues declined by 3%. The US production business in particular was affected by order delays and cancellations in March, which was however offset by the strong growth of digital studio Studio71.
The NuCom Group (formerly: Commerce) segment grew significantly by 15% in the first quarter, generating external revenues of EUR 228 million (previous year: EUR 199 million). Organic growth was 8%. While the initial consolidation of Aroundhome, an online broker for products and services related to the home, had a positive impact on reported revenues, online matchmaking business of Parship Group with eharmony, online beauty provider Flaconi, and Windstar Medical's OTC business saw considerable organic growth. At the same time, however, the initial impact of the near-global travel restrictions and lockdown measures was already strongly visible especially in the business of the portfolio companies Billiger Mietwagen (Silvertours) and Jochen Schweizer mydays.
The Group's adjusted EBITDA decreased by 17% to EUR 157 million in the first quarter (previous year: EUR 190 million), in particular due to the lower revenues in the TV advertising business and the segments' different earnings structures, as the Group primarily grew in lower-margin businesses and against that recorded a decline in its high-margi
Most recent headlines
14/03/2025
BURLINGTON, Mass. Avid has expanded its executive leadership team (ELT) with the appointment of three experienced executives: Tom Sharma as chief technology off...
14/03/2025
CUPERTINO, Calif. TVU Networks, a pioneer in live video production and a leader in cloud-based media solutions, is marking its 20th anniversary at the 2025 NAB ...
13/03/2025
(L-R) Stephanie Suganami, Tatanka Means, John Malkovich, Ayo Edebiri, and Juliette Lewis attend the premiere of Opus at Eccles Theatre in Park City. (Photo by...
13/03/2025
Spotify took center stage at the London Book Fair this week, reaffirming our commitment to the audiobook market and showcasing our impact on the publishing indu...
13/03/2025
At Spotify, we work every day to lift up new voices, giving creators the opportunity to live off their art. Through Spotify Audiobooks, our in-house publishing ...
13/03/2025
Every time airborne law enforcement (ALE) teams fly, they expect their equipment to perform. Whether airborne units are conducting support for ground teams, bor...
13/03/2025
Sunday February 9 saw the annual return of the US' biggest television event, the Super Bowl LIX. Jamie McCombs, Fox Sports Audio Consultant / Sr. Audio capt...
13/03/2025
On Sunday March 2, stars across the film industry gathered at the Dolby Theatre in Los Angeles for the 97th Academy Awards. Production Sound Mixer Paul Sandweis...
13/03/2025
WUPPERTAL, Germany Riedel Communications will feature its new StageLink family of smart edge devices, Smart Audio and Mixing Engine (SAME) and Virtual Smart Pan...
13/03/2025
TAG Video Systems and Harmonic Partner to Deliver Enhanced Real-Time Monitoring ...
13/03/2025
DigitalGlue Invites NAB Visitors to Experience New Features in Managed Storage P...
13/03/2025
FOR-A America Theme - Connecting the Present, Building the Future - Comes to Lif...
13/03/2025
CTIA, the wireless industry association, has named former FCC Chairman Aji Pai as its President and Chief Executive Officer, effective April 1. He replaces Mere...
13/03/2025
he National Association of Broadcasters is urging the FCC to end its investigation of that controversial CBS interview with Kamala Harris stating there is no ...
13/03/2025
MIAMI CBS News & Stations continues to expand its use of augmented and virtual reality technologies with the planned launch of an augmented reality/virtual real...
13/03/2025
Srividhya Srinivasan, co-founder and chief customer success & innovation Officer at Amagi, tells TVBEurope how staying ahead of the latest trends is essential f...
13/03/2025
WASHINGTON FCC Chairman Brendan Carr announced that the agency has launched a massive, new deregulatory initiative that could potentially subject virtually all ...
13/03/2025
SUNNYVALE, Calif. SDVI has announced that it has integrated its Rally media supply chain management platform with the Spectra Vail multi-cloud data management s...
13/03/2025
ATLANTA Gray Media has announced that the Federal Communications Commission (FCC) has granted a waiver of its local ownership rules to permit Gray Media to acqu...
13/03/2025
TV Tech: What do you anticipate will be the most significant technology trends at the 2025 NAB Show?...
13/03/2025
Watch Student Naomi Soleils Folk Pop Performance on The Voice The songwriting major sang Stars by Grace Potter and the Nocturnals during the blind auditions.
...
13/03/2025
Roku Debuts NWSL Zone' Within Roku Sports to Spotlight Live Games, Content Feature marks Rokus first women's league-branded zone within service By Bra...
13/03/2025
Pixels, Images, Video, AI - and Us: A Perspective on AI from NDI Inventor Andrew...
13/03/2025
SVG New Sponsor Spotlight: Lighting Design Group's Steve Brill, Dennis Size ...
13/03/2025
IOC, Comcast NBCU Ink $3B Media-Rights Extension for Olympic Games Through 2036;...
13/03/2025
NCAA March Madness Live Returns with Expanded Availability of MultiView Vertical...
13/03/2025
SVG Sit-Down: Cosm's Devin Poolman on What It Takes To Deliver the Immersive...
13/03/2025
Sky Business, Sky's B2B division, providing connectivity and content to busi...
13/03/2025
Rohde & Schwarz launches R&S NRP140TWG(N) thermal power sensor: A new benchmark ...
13/03/2025
We asked the questions, analysed the answers and now we're excited to share the results of the fifth edition of the ICG Marketing Survey.
Our 2025 survey p...
13/03/2025
SAN JOSE, Calif. - March 13, 2025 Harmonic (NASDAQ: HLIT) today announced a breakthrough in video streaming innovation with the launch of new origin capabilitie...
13/03/2025
Haivision Showcases Mission-Critical Video Solutions at SOF Week 2025
Haivision's video wall systems, ISR technology, and DoDIN APL-certified video distri...
13/03/2025
Company Leads the Way with New Software-Based Production Platform, 12G Switcher,...
13/03/2025
A new Apple Immersive concert experience, Metallica, is coming to Apple Vision Pro this Friday, March 14. Filmed in Mexico City during the sold-out second-year ...
13/03/2025
Here is your host, Patrick Kielty!
Shake your Shamrocks, Patrick Kielty will be...
13/03/2025
This St. Patrick's weekend, RT invites you to celebrate all things Irish, showcasing the very best of Irish sport, entertainment and live coverage from the...
13/03/2025
What's next in AI is at GTC 2025. Not only the technology, but the people and ideas that are pushing AI forward - creating new opportunities, novel solution...
13/03/2025
Facebook
Twitter
LinkedIn
By combining T-Mobile's robust network, Thal...
13/03/2025
Bundle up - GeForce NOW is bringing a flurry of Blizzard titles to its ever-expanding library.
Prepare to weather epic gameplay in the cloud, tackling the genr...
13/03/2025
AI is leveling up the world's most beloved games, as the latest advancements...
13/03/2025
PC game modding is massive, with over 5 billion mods downloaded annually. Mods p...
12/03/2025
O Spotify acaba de lan ar o relat rio Loud & Clear deste ano, uma vis o transpar...
12/03/2025
Spotify acaba de presentar el informe Loud & Clear de este a o, una mirada trans...
12/03/2025
Ramadan, a period of profound spiritual significance for Muslims worldwide, is a time for fasting, prayer, reflection, and community. Enrich your experience thi...
12/03/2025
Spotify has just unveiled this year's Loud & Clear report, a transparent loo...
12/03/2025
More than 70% of FAST programming has been produced since 2010, according to new Gracenote report
NEW YORK March 12, 2025 Gracenote, the content data busin...
12/03/2025
GEONA, Nev. Independent digital and linear advertising rep firm Viamedia will adopt cloud-based ShowSeeker Pilot as its primary ad campaign and order management...
12/03/2025
BRUSSELS Mediagenix has announced that Wael Yasin has joined the company as sales director Central Europe....
12/03/2025
LONDON A new study highlights opportunities for shoppable TV and the massive impact online consumer spending is having on the economy, with Omdia predicting tha...
12/03/2025
CUPERTINO, Calif. Interra Systems has announced that Comcast Technology Solutions has integrated recent updates to BATON Version 9 into its operations....