ProSiebenSat.1 again raises full-year outlook 2021 after strong third quarter
04/11/2021
Revenues grow strongly by 15% to EUR 1,055 million in the third quarter of 2021, with adjusted EBITDA increasing clearly by 9% to EUR 162 million
Strategy on track: revenues above pre-pandemic levels across all segments
Group's advertising revenues in the German-speaking region above pre-corona-level and on record high in a third quarter
ProSiebenSat.1 continues to lead the German TV audience and advertising market in the third quarter
Adjusted net income almost doubles to EUR 58 million; adjusted operating free cash flow increases by EUR 100 million to EUR 134 million
Net financial debt significantly reduced by EUR 377 million; leverage ratio improves clearly from 3.7x to 2.5x at the end of the third quarter
Group prepays EUR 900 million of term loans after successful issuance of EUR 700 million promissory note in October 2021, extends maturity profile of the Group's financing at attractive conditions and reduces gross debt sustainably
ProSiebenSat.1 again raises full-year targets; Group expects to achieve medium-term target for P7S1 ROCE faster than planned
Unterf hring, November 4, 2021. ProSiebenSat.1 Media SE continued its revenue and earnings growth in the third quarter of 2021, benefiting from the strategic diversification of its business. The Group generated a considerable revenue increase of 15% to EUR 1,055 million (previous year: EUR 921 million), with the advertising business in particular growing strongly and improving even better than expected after the effects of the COVID-19 pandemic. At the same time, the strong positioning of the Group is paying off: In the Entertainment segment, the program production business also recorded strong revenue growth again, and the Dating segment supported the Group's revenue increase with The Meet Group, which was consolidated in September 2020. In addition, all areas in the Commerce & Ventures segment continued to show considerable signs of recovery.
With the effects of the COVID-19 pandemic still noticeable in the first quarter of 2021, the strong second and now also third quarter of 2021 had a significant impact on the nine-month period: In the months of January to September 2021, the Group increased its revenues by 19% to EUR 3,041 million (previous year: EUR 2,555 million).
Rainer Beaujean, Chairman of the Executive Board of ProSiebenSat.1 Media SE: We are very pleased with the development of ProSiebenSat.1. We posted record quarterly revenues for the second time in a row and significantly improved our profitability over the course of the year - the result of our successful strategy. Our Entertainment advertising revenues in the German-speaking region were even at the highest level in a third quarter ever. This again underlines the strength and sustainability of our medium. At the same time, our good performance throughout the Group proves that all signs point to growth also in the future. We have therefore raised our full-year targets once again. The P7S1 return on capital employed is an important KPI to measure our success. Its now expected improvement to over 13% reflects our clear and focused strategy and shows that we are well on track to reach our medium-term target of 15% faster than planned.
Operating performance
The Entertainment segment's external revenues increased by 15% to EUR 728 million in the third quarter of 2021 (previous year: EUR 633 million). Organically(1), growth was also significant at 17%. Following a strong increase in the second quarter, the advertising market continued to improve, especially in the region of Germany, Austria and Switzerland, with advertising revenues in the Entertainment segment up 18% year-on-year in the third quarter of 2021. These were thus well above pre-pandemic levels, clearly exceeding the figure from the third quarter of 2019 by 12%. The program production business also continued to develop dynamically: Revenues from program production and sales increased by 20% year-on-year. In the nine-month period, the segment's external revenues grew by 17% to EUR 2,075 million (previous year: EUR 1,772 million) due to the strong development in the second and third quarters. Both in the third quarter and on a nine-month basis, ProSiebenSat.1 continues to be the number 1 in the German TV market. The Group is the market leader in the German TV advertising market with a share of 38.7% (9M: 36.9%), and in the audience market (14- to 49-year-olds) with 24.7% (9M: 25.1%).
In the third quarter of 2021, the Dating segment generated external revenues of EUR 129 million and thus EUR 44 million more than in the previous-year quarter (previous year: EUR 84 million). This increase is driven by the acquisition of The Meet Group, which has been complementing the Dating portfolio synergistically since September 2020. Organically(1), revenues in the Dating segment remained about stable compared to the previous year, having benefited from strong demand for matchmaking offers in spring and summer 2020 on account of the pandemic. Between January and September of this year, segment revenues doubled to EUR 409 million (previous year: EUR 201 million).
External revenues in the Commerce & Ventures were almost at previous year's level amounting to EUR 198 million in the third quarter of 2021 (previous year: EUR 204 million) - despite the disposal and deconsolidation of the OTC provider WindStar Medical in December 2020. Organically(1), and thus in particular excluding the effects of the WindStar Medical disposal, the segment grew significantly by 15% and benefited from positive development in all areas. The online beauty provider Flaconi made the strongest contribution. Significant growth rates were also recorded by the rental car comparison portal Billiger Mietwagen (Silvertours) and the experience
LINK: | https://en.prosiebensat1.com/en/press/prosiebensat-1-again-raises-full... |
See more stories from prosie |
Most recent headlines
05/02/2025
ESPN Viewing Hits Decade-Long Highs in January
ESPN is reporting that its NFL playoffs and College Football Playoff games in January boosted audiences to levels not seen at the network in years....
05/02/2025
Roku Remains Top U.S. Streaming Device
A new study from Pixalate indicates that Roku remains by far the dominant player among streaming devices in North America where its market share was more than d...
05/02/2025
Panasonic To Ship New 4K 60p 10-Bit Camcorders In March
NEWARK, N.J. Panasonic next month will release new 4K 60p 10-bit professional camcorder models, including the AG-CX20, HC-X1200 and HC-X2100 for video productio...
05/02/2025
Tegna Shuts Down National Fact-Checking Operation
WASHINGTON Tegna has shut down Verify, the station group's national fact-checking operation, laying off around 18 journalists, producers, researchers and ot...
05/02/2025
FCC Chair Brendan Carr Fills More Key Staff Positions
WASHINGTON, D.C. Federal Communications Commission chair Brendan Carr continues to build out his leadership team with the announcement of more staff appointment...
05/02/2025
Sanctuary Pictures Unveils Punk-Horror Feature Penny Lane Is Dead
04 02 2025 - Media release Sanctuary Pictures Unveils Punk-Horror Feature Penny Lane Is Dead Writer/Director of Penny Lane Is Dead, Mia'Kate Russell Sanc...
05/02/2025
Faculty Notes: Fall 2024
Faculty Notes: Fall 2024 Recent accomplishments, releases, and events by Berklee faculty. February 4, 2025 Professor Tomo Fujita played the John Coltrane In...
04/02/2025
Spotify Reports Fourth Quarter 2024 Earnings
Today, we announced our fourth quarter 2024 earnings, closing Q4 stronger than ever by outperforming across key metrics and celebrating our first full year of p...
04/02/2025
Spotify rapporterar intkter fr fjrde kvartalet 2024
Idag rapporterar vi int kter f r fj rde kvartalet 2024. Vi avslutade Q4 starkare n n gonsin genom att vertr ffa f rv ntningarna p v ra nyckeltal och kan d rm...
04/02/2025
SGL Carbon opts for green electricity at its German sites
As a technology-based company and one of the worlds leading companies in the development and production of carbon-based solutions, SGL Carbon opts for innovativ...
04/02/2025
ST Engineering iDirect Names Sridhar Kuppanna as Chief Technology Officer
Ground segment technology innovator appoints new CTO to execute bold technological vision Herndon, Va., February 4, 2025 ST Engineering iDirect, global leade...
04/02/2025
L3Harris Signs Multi-Year Pilot Training Agreement With Thai Airways
L3Harris has signed a two-year agreement with Thai Airways International to provide training service on its A320 Full Flight Simulator (FFS). This significant a...
04/02/2025
US Air Force Completes First Flight of L3Harris Viper Shield Electronic Warfare System
L3Harris' all-digital electronic warfare suite, Viper Shield , completed its...
04/02/2025
Radio Botswana chooses Calrec's IP-native Type R mixing system
The shift from analogue to IP was driven by a desire for greater flexibility in our operations. IP simplifies connectivity, reduces the physical footprint of th...
04/02/2025
Simplifying Gray Media News Operations with Calrec's Type R
Streamline, standardise and save: how Gray Media has simplified news operations At TVNewsCheck's News Tech Forum 2024, Gray Media's Peter Gogas and Calr...
04/02/2025
Bending Spoons closes $233 million acquisition of Brightcove
Boston, MA-February 4, 2025 | Bending Spoons, the Italy-based technology company, completed its previously announced acquisition of US-based streaming technolog...
04/02/2025
PARAMOUNT AND NIELSEN SIGN MULTI-YEAR MEASUREMENT AND ANALYTICS DEAL ACROSS PARAMOUNT'S LEADING BROADCAST, CABLE AND STREAMING PLATFORMS
Nielsen Reports Major Recent Ratings Milestones for CBS and Paramount Series N...
04/02/2025
Grup Mediapro to Collaborate with Google Cloud on Gen AI
BARCELONA Grup Mediapro and Google Cloud have expanded their collaboration to create an innovation lab focused on generative AI to develop solutions for the med...
04/02/2025
EditShare Receives SOCE 2 Type II Certification
WATERTOWN, Mass. EditShare this week said it has received SOC 2 Type II certification, an independently audited evaluation of an organization's information ...
04/02/2025
Executive Creative Director Halle Petro Named Partner of Sonic Union
Executive Creative Director Halle Petro Named Partner of Sonic Union Brie Clayton February 4, 2025 0 Comments Sonic Union is excited to announce Execu...
04/02/2025
Blackmagic Design Announces Blackmagic Camera for Android 2.0 Update
Blackmagic Design Announces Blackmagic Camera for Android 2.0 Update Brie Clayton February 4, 2025 0 Comments New update adds support for Xiaomi Pad 6...
04/02/2025
CETA Software Launches Artist Access: The Time-Tracking Tool for Creative Teams
CETA Software Launches Artist Access: The Time-Tracking Tool for Creative Teams Brie Clayton February 4, 2025 0 Comments CETA Software, creators of p...
04/02/2025
OWC Announces General Availability Launch of OWC Dock Ejector 2.0
OWC Announces General Availability Launch of OWC Dock Ejector 2.0 Brie Clayton February 4, 2025 0 Comments The Ultimate Tool for Efficiently and Safel...
04/02/2025
Colourist Claudio Del Bravo on grading Queer
Explaining the process to TVBEurope, Del Bravo said the films look was inspired by the Technicolor three-strip' process, evoking the rich colours of early ...
04/02/2025
Paramount, Nielsen Sign Multiyear Measurement and Analytics Deal
NEW YORK Paramount Global and Nielsen have inked a new, multiyear deal that will provide measurement for all of the company's platforms, including national ...
04/02/2025
2d Animated Short Concerning a Project for Schools
2d Animated Short Concerning a Project for Schools Brie Clayton February 3, 2025 0 Comments 2d animated short concerning a project for schools Febru...
04/02/2025
Step by step guide to using 3D Models in After Effects
Step by step guide to using 3D Models in After Effects Graham Quince February 3, 2025 0 Comments Since 2024, Adobe After Effects has had native suppor...
04/02/2025
Powerful Premiere Automation with new Excalibur Update
Powerful Premiere Automation with new Excalibur Update Colin Smith February 3, 2025 0 Comments This tutorial takes you through the new update for auto...
04/02/2025
Cinematography of A Complete Unknown: Shooting 12,800 iso Sony Venice 2 to create a 1960's era film
Cinematography of A Complete Unknown: Shooting 12,800 iso Sony Venice 2 to creat...
04/02/2025
DIY to DA: Ela Minus Breaks Through
DIY to D A: Ela Minus Breaks Through The electronic artist and producer tells Rolling Stone about her new album, D A, and how shes forged a career outside the...
04/02/2025
NVIDIA Blackwell Now Generally Available in the Cloud
AI reasoning models and agents are set to transform industries, but delivering their full potential at scale requires massive compute and optimized software. Th...
04/02/2025
The Future of Football? Technology and Entertainment Merge in the Kings World Cup Nations
The future of football? Technology and entertainment merge in the Kings World Cu...
04/02/2025
Virtual Production and AR Graphics: Demystifying the Tools, Technologies, and Trends
Virtual Production and AR Graphics: Demystifying the Tools, Technologies, and Tr...
04/02/2025
SVG All-Stars: Russell Fink, Senior Director, Programming and Content Analytics, SNY
SVG All-Stars: Russell Fink, Senior Director, Programming and Content Analytics,...
04/02/2025
SVG New Sponsor Spotlight: farmerswife's Jodi Clifford on Organizing Your Productions Like a Professional
SVG New Sponsor Spotlight: farmerswife's Jodi Clifford on Organizing Your Pr...
04/02/2025
EA Acquires TRACAB Technologies as It Looks to Move Beyond Games
EA Acquires TRACAB Technologies as It Looks to Move Beyond Games EA believes TRACABs sports tracking/analysis technology will help to make the EA SPORTS App the...
04/02/2025
Kingdom Come: Alamiya Media on Bringing the Supercoppa Italiana and Supercopa de Espaa to Saudi Arabia
Kingdom come: Alamiya Media on bringing the Supercoppa Italiana and Supercopa de...
04/02/2025
Alamiya Media at 50: Preparing for Rapid Change, an International Broadcast Center and the FIFA World Cup
Alamiya Media at 50: Preparing for rapid change, an international broadcast cent...
04/02/2025
An update on our TV and broadband prices
An update on our TV and broadband pricesTuesday 4 February 2025 An update on our TV and broadband prices Devesh Raj, Chief Operating Officer, Sky This April,...
04/02/2025
Sky extends partnership with the PDC to remain the home of darts until 2030
Sky extends partnership with the PDC to remain the home of darts until 2030Tuesday 4 February 2025 Following another record-breaking PDC World Darts Championsh...
04/02/2025
Frankfurt is the world's first airport to regularly use walk-through scanners from Rohde & Schwarz for passengers
Frankfurt is the world's first airport to regularly use walk-through scanner...
04/02/2025
Riedel Unveils Next Generation of StageLink Edge Devices
Wuppertal February 4, 2025 Riedel Unveils Next Generation of StageLink Edge DevicesRiedel Communications today announced the launch of its StageLink family of...
04/02/2025
Clara Galle, Claudia Salas and Paula Usero Star in 'That Night,' the New Netflix Series Based on the Bestselling Novel by Gillian McAllister
Back to All News Clara Galle, Claudia Salas and Paula Usero Star in That Night,...
04/02/2025
Fox Corporation Reports Second Quarter Fiscal 2025 Financial Results
Fox Corporation Reports Second Quarter Fiscal 2025 Financial Results NEW YORK, NY, February 4, 2025 - Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Compan...
04/02/2025
Introducing our fully digital, true diversity wideband wireless mic solution
DPA Microphones is moving into the wireless market with the release of its new N-Series Digital Wireless System at ISE 2025 (Stand 7P600). A fully digital, true...
04/02/2025
2025-02-04
CUPERTINO, CALIFORNIA Apple today introduced Apple Invites, a new app for iPhone that helps users create custom invitations to gather friends and family for any...
04/02/2025
ABS appoints Sameer Karimbhai as New General Counsel
ABS appoints Sameer Karimbhai as New General Counsel...
04/02/2025
Thales Alenia Space signs a contract with Mohammed Bin Rashid Space Centre to develop the Emirates Airlock Module, a critical element of Lunar Gateway
Facebook Twitter LinkedIn Thales Alenia Space strengthens its cooperation with the UAE as a key partner in future space missions Cannes, February 4th, 20...
04/02/2025
RT Internship Programme 2025 - Applications Now Open
We're thrilled to announce that applications for the 2025 RT Internship Programme are now open....
04/02/2025
Jack Woolley tops the Dancing with the Stars leaderboard in Dedicated Dance Week
Jack Woolley topped the leaderboard in what was an emotional night on Dancing with the Stars, as the remaining nine couples took to the floor for Dedicated Danc...