Traditional TV advertising revenue rebounded and streaming growth picked up in the first quarter for European television and production giant RTL Group, which announced its final results on Friday.
Group revenue for the quarter rose 11.3% to $1.64 billion, with TV advertising up 11.2% year-on-year and streaming revenue up 23.1%. RTL Group said its SVOD RTL+ (German) and Videoland (Dutch) platforms added an additional 1.6 million subscribers, bringing the total to 4.3 million, up 58.2% from last year.
RTL’s last line was helped by the sale of RTL Belgium’s regional operations, which ended March 31. The group also signed an agreement to sell the television operations in Croatia, whose deal is expected to close in the second quarter of this year. In its main Western European markets, which include Germany, France and the Netherlands, RTL seeks to consolidate what it calls “national media champions”.
In Germany, RTL Deutschland, a commercial television group, has already merged with publishing giant Gruner + Jahr, which, like RTL, is a subsidiary of media giant Bertelsmann. RTL and G+J also combined their digital advertising operations to provide international advertising distributors with a one-stop shop to book ads across the group’s portfolio of TV, radio, online, mobile and print offerings.
In terms of content, RTL was trying to gain scale, as the manufacturing company Fremantle had just bought a majority stake in the Italian manufacturer Lux Vide (medicine, Devils) and British band Dancing Ledge Productions (Accused, salisbury poisoning). Its first-quarter revenue increased by 6.5% to $484 million (€461 million).
“These measures will create significant value for RTL Group shareholders and put us in a strong position to compete in global technology and broadcast platforms,” RTL Group CEO Thomas Rabbi said in a statement.
Over the year, Grupo RTL expects revenues of approximately US$7.8 billion (€7.4 billion), with adjusted earnings in interest, taxes, depreciation and amortization of approximately US$1.21 billion (€1.15 billion). billion).
Source: Hollywood Reporter
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