ProSiebenSat.1 increases investments in local content and at the same time expects stable earnings next year
Full-year targets for 2023 confirmed: After a solid third quarter, the Group's revenues and earnings grow in the important fourth quarter of 2023 as expected. ProSiebenSat.1 continues to expect to close 2023 within the recently specified targets for revenues and adjusted EBITDA.
ProSiebenSat.1 plans to invest more in local content in 2024: The Group is expanding exclusive local content on the streaming platform Joyn as well as on its TV stations and increasing the related programming investments.
Termination of extensive, long-term output deals with Hollywood studios: Review of remaining output deals will result in an impairment of programming assets of up to EUR 250 million and a provision for onerous contracts of up to EUR 90 million in the financial year 2023, which will have no impact on the adjusted Group key figures, such as adjusted EBITDA, or on net debt.
Stable adjusted EBITDA in 2024: Despite clearly higher programming expenses, ProSiebenSat.1 expects a stable development of the adjusted EBITDA at Group level in the coming year as a result of increasing revenues and a consistent focus on costs.
Unterf hring, December 19, 2023. ProSiebenSat.1 Media SE is consistently focusing on its entertainment activities and has initiated the necessary changes over the course of the year to gear the Group to a secure future. The aim is to position Joyn as the leading ad-financed entertainment platform for everyone in the German-speaking region. Thus, ProSiebenSat.1 is focusing on a freely accessible streaming offer that is currently used by around 3.8 million users per month. Joyns revenues grew by a significant double-digit percentage range in 2023, which is also due to increased investments in local programming content. The Group has also increased the share of local formats on both TV and Joyn in the current quarter, leading to a positive impact on audience share and digital usage.
ProSiebenSat.1 invests around EUR 80 million more in programming content in 2024
To strengthen the market share in linear TV and the growth of Joyn, ProSiebenSat.1 Group will focus even more clearly on exclusive local content and increase its programming expenses by around EUR 80 million to around EUR 1.05 billion in the coming year. This was decided by the Executive Board of ProSiebenSat.1 Media SE today. In addition to the expansion of Joyns content offering, the Group is increasing the attractiveness of its TV station portfolio with this step - especially in prime time of SAT.1 and ProSieben. At the same time, viewers and users will be able to choose between live and on-demand usage even more than before due to the increasing cross-platform availability of programming content. The decision consistently builds on the successes of recent months, in which many of the local programs of the ProSiebenSat.1 Group on TV and especially on the streaming platform Joyn have achieved above-average coverage.
Bert Habets, Group CEO of ProSiebenSat.1 Media SE: In March, we presented a clear strategic plan: Entertainment as the core of ProSiebenSat.1, attractive local and live content to further strengthen our channels and Joyn as well as an improved and more diversified monetization. Since then, we have set the right course. The success of our programs in recent months clearly shows that our local programming offensive is paying off: Our viewers are watching more local content on all our channels and especially on Joyn. We are now taking the next strategic step and will invest significantly more in local content from 2024, offering our viewers a unique programming experience to serve very different media usage interests and, above all, to differentiate ourselves from the competitors of Joyn.
Habets continues: We are absolutely convinced that we can offer our advertising customers the best and highest-reach environment for their products, also in the digital world. With this strategy, we want to shape the future and the success of our company.
As part of the programming offensive, ProSiebenSat.1 will further reduce the share of US licensed content to the benefit of local formats. With the decision to focus even more clearly on exclusive local content in the future, a long-standing practice of acquiring US licensed content to the basis of extensive long-term output deals with Hollywood studios ends. In the future, ProSiebenSat.1 will continue to acquire US licensed content on a selective basis.
Against this backdrop, the Executive Board has decided today that an impairment of up to EUR 250 million on existing programming assets and a provision for onerous contracts for the acquisition of future programming assets of up to a further EUR 90 million in the fourth quarter of 2023 will be made. Both extraordinary effects have no impact on the adjusted key figures for the year 2023, particularly the adjusted EBITDA. Further, they will not lead to cash outflows in the current financial year 2023; thus, also no changes to net financial debt will result therefrom. The future cash outflows for programming still to be completed, resulting primarily from the onerous contracts, will amount, in the upcoming financial years 2024 and 2025, taking into account offsetting tax effects, to a total of around EUR 50 million, whereby these will not have a negative impact on earnings.
ProSiebenSat.1 confirms targets for 2023 and expects revenue growth for 2024
For 2023, the Group continues to expect to achieve its financial targets specified on November 14, 2023: Thus, ProSiebenSat.1 expects Group's adjusted EBITDA at the lower end of the range of EUR 600 million plus/minus EUR 50 million forecast at the beginning of the year. At the same time, Group revenues - as most recently announced - will be slight
Most recent headlines
09/11/2025
Dalet today announced a transformative leap forward for media operations: Agentic Artificial Intelligence (AI) that unifies the Dalet ecosystem under one natura...
15/10/2025
Across the world, early-career reporters are interrogating systems that shape daily life, from mortuaries and classrooms to the corridors of legal education and...
15/10/2025
St. Louis Blues Pay Tribute to Ozzy Osbourne in New Pregame Open VideoThe NHL franchise worked with production firms 2WEI and 4th Floor CreativeBy Mark J Burns,...
15/10/2025
Cobalt Digital, G3DVu, Proxima Vision, and Telos Alliance Renew Premier Sponsors...
15/10/2025
By Paige Bethmann
Before my grandmother passed away in 2019, I went to visit her in the hospital where she'd been for a few weeks. When I arrived, the nurs...
15/10/2025
Two years ago, Spotify set out to grow the entire publishing industry by making ...
15/10/2025
People turn to DJ for a listening experience that feels personal, dynamic, and j...
15/10/2025
Las personas recurren a DJ para vivir una experiencia de escucha personal, din m...
15/10/2025
Rock legend Bruce Springsteen and luminary actor Jeremy Allen White came togethe...
15/10/2025
At Spotify, we're all about supporting rising talent and helping them connec...
15/10/2025
New SBS Documentary Series THE CANCER KILLERS Premieres 4 November on SBS & SBS ...
15/10/2025
SBS celebrates the Festivals of Lights with bold, illuminating stories across th...
15/10/2025
One of humanity's most profound questions continues: Is there any place in our galaxy suitable for life beyond Earth? NASA intends to find out, with the hel...
15/10/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
15/10/2025
Scality, a global leader in cyber-resilient storage software for the AI era, today announced the advancement of its comprehensive AI ecosystem certification pro...
15/10/2025
The Hollywood Professional Association (HPA) today unveiled key highlights of the 2026 HPA Tech Retreat, scheduled for Feb. 15 19 at the Westin Rancho Mirage Go...
15/10/2025
At NAB Show New York 2025 (Stand 244), Interra Systems will showcase the future of media QC, monitoring, and captioning, highlighting its award-winning, AI- and...
15/10/2025
Grass Valley today announced that RMC BFM, part of the CMA-CGM Group and France's third-largest private media group, has chosen Grass Valley's productio...
15/10/2025
Appear, the global leader in live production technology, will demonstrate how its powerful hardware and software innovations are shaping the future of hybrid, s...
15/10/2025
Rakim to Join Berklee's Hip-Hop Hall of Fame at Signature Series Concert The rap icon becomes the latest inductee, following luminaries such as Roxanne Sh...
15/10/2025
Berklee Brings Live Music to the Head of the Charles Student artists will perform on multiple riverfront stages during the 60th anniversary of the world's...
15/10/2025
CobbTV, the government access television channel for Cobb County, Ga. recently acquired an automated playout system from Pebble, a global provider of automation...
15/10/2025
OSLO, Norway Appear, the global leader in live production technology, will demonstrate how its powerful hardware and software innovations are shaping the future...
15/10/2025
NEW YORK The NBA is making major changes to the NBA App and NBA TV as it takes control of them from TNT Sports, which has long managed the league's digital ...
15/10/2025
SAN MATEO, Calif. In what promises to be a major expansion of interactive features and personalized content on the DirecTV platform, the operator and Glance hav...
15/10/2025
SAN JOSE, Calif. Roku has launched changes to its user interface (UI) that the streaming platform says will better showcase original programming on the platform...
15/10/2025
LOS ANGELES Software-defined data storage and data services provider OpenDrives has elevated Alex Dunfey to chief technology officer, responsible for driving th...
15/10/2025
Abu Dhabi, UAE October 15, 2025: Space42 (ADX: SPACE42), the UAE-based AI-powe...
15/10/2025
Sheldon Nichols and Will Trickett to find and prepare more classic cars for budget conscious would-be owners from Wiser Films
UKTV have recommissioned the clas...
15/10/2025
Wednesday 15 October 2025
Nick Cave
JPEG (275 KB)
Explore the creative univer...
15/10/2025
Wednesday 15 October 2025
From breaking up with your partner to quitting your job - new polling shows some messages are just too scary to send
Over a fifth (...
15/10/2025
Rohde & Schwarz unveils compact MXO 3 oscilloscopes with 4 and 8 channels: Advan...
15/10/2025
Back to All News
Revenge Series The Resurrected' Captivates Audiences Across Asia
Entertainment
15 October 2025
GlobalTaiwan
Link copied to clipboard
...
15/10/2025
Back to All News
Bringing the Best in VFX and Virtual Production Together as Eyeline
Jeffrey Shapiro
CEO, Eyeline
Business
15 October 2025
GlobalCanadaInd...
15/10/2025
Deployed by Astound Business Solutions, Harmonic's Primary Distribution Solution Ensures Outstanding Video Quality and Seamless Ad Insertion at the Edge
SA...
15/10/2025
Collaboration extends a trusted relationship as RMC BFM invests in scalable, fut...
15/10/2025
Series coming in 2026 stars Tom Vaughan-Lawlor, Justine Mitchell and Jason O'Mara released today
RT today released first look images of new comedy-drama ...
14/10/2025
SVG Europe Summit 2025: All Sessions Now Available to Watch on SVG PLAYNetworking event that preceded IBC2025 shone a light on elite live sports innovation acro...
14/10/2025
SVG Sit-Down: Author Rich Podolsky on Writing Madden & Summerall: How They Revo...
14/10/2025
SVG All-Stars: Michael Reiners, Coordinating Producer, FloRacingThe Illinois State grad steers a vast schedule of motorsports events at tracks across the countr...
14/10/2025
Content protection: Getting the right management for your DRM By Neal Romanek
Friday, October 10, 2025 - 10:11
Print This Story
Eluvio power the EPCR'...
14/10/2025
As League Takes Over Ops, NBA TV and NBA App Add 60 Games, Weekday Studio Show, ...
14/10/2025
Time and effort: World's largest student-led broadcast prepares to go On Air...
14/10/2025
(L-R) Guest, Kimberly Robinson Jones, Geeta Gandbhir, Pamela Dias, and Takema Ro...
14/10/2025
Lossless ist jetzt mit Spotify Premium verf gbar.
Verlustfreies Audio war eine...
14/10/2025
La qualit Lossless est disponible sur Spotify Premium.
Le format sans perte de...
14/10/2025
For the seventh edition of Spotify and FC Barcelona's artist jersey series, ...
14/10/2025
Spotify is committed to bringing the best listening experience to all our users, and that includes parents and families. That's why we're expanding mana...
14/10/2025
Since its debut, the Spotify Original podcast Caso 63 has been more than just a story; it's been a cultural sensation. The science fiction thriller captivat...
ProSiebenSat.1 increases investments in local content and at the same time expects stable earnings next year 
