
ProSiebenSat.1 closes second quarter 2023 in line with expectations
Group revenues as announced below previous year: Due to the continuing economic weakness in the German-speaking region as well as consolidation effects, Group revenues decreased to EUR 868 million in the second quarter of 2023 (previous year: EUR 1,043 million).
TV advertising market still characterized by consumer restraint, revenue growth in digital business: TV advertising revenues in the German-speaking region declined in the second quarter compared to the previous year. The growth of digital & smart advertising revenues continued, driven by Joyn among others.
Earnings mainly declined due to lower profitability of advertising business: As expected, the Groups adjusted EBITDA of EUR 79 million (previous year: EUR 155 million) in the second quarter was significantly below the previous year.
Full-year outlook confirmed: Based on forecasts of economic research institutes, ProSiebenSat.1 expects an improved economic development in the second half of the year compared to the previous year, with corresponding positive effects on the advertising market in the German-speaking region.
Strong focus on cost efficiency: The aim is to create processes clearly aligned to the digital transformation and a competitive cost base, while at the same time having headroom for strategically important investments.
Unterf hring, August 3, 2023. ProSiebenSat.1 Group closed the second quarter of 2023 as expected: Against the backdrop of the continuing challenging macroeconomic environment in the German-speaking region (Germany, Austria, Switzerland), Group revenues in this period were 17% below the previous year at EUR 868 million (previous year: EUR 1,043 million). The TV advertising business in particular continued to be affected by ongoing consumer restraint in the second quarter, albeit to a somewhat lesser extent than in the first quarter. Also consolidation effects had a negative impact on the Groups revenue performance. Organically1, i.e., adjusted for portfolio and currency effects, revenues declined accordingly by 10%. These developments also characterized the half-year period: The Group recorded revenues of EUR 1,683 million (previous year: EUR 1,983 million) on a half-year basis, a decline of 15% or organically1 of 9% compared to the previous-year period.
Bert Habets, Group CEO of ProSiebenSat.1 Media SE: As expected, the second quarter continued to be characterized by a weak TV advertising market. This once again underlines how crucial it is that we focus on our digital business at ProSiebenSat.1. We are clearly aligning our organization and processes to our digital transformation. We are already seeing the first positive results here with our streaming platform Joyn: The launch in Austria was successful, advertising revenues on the platform are growing and Video Viewtime increased by 6% to 6.5 billion minutes watched in the second quarter. We are consistently pursuing this path, combined with our strong focus on costs and efficiency. With the organizational and strategic realignment now initiated, we are creating the basis for consistently implementing our growth strategy.
Operational development
In the second quarter of 2023, external revenues in the Entertainment segment were down 21% to EUR 592 million (previous year: EUR 748 million). Against the backdrop of the recessionary overall economic environment, advertising customers continued to invest only cautiously in TV advertising, as expected. Accordingly, the segments advertising revenues in the German-speaking region in the second quarter were 9% below the previous year. Hereby, the growth in digital & smart advertising revenues partially offset the decline in TV advertising revenues. Digital & smart advertising revenues recorded an increase of 5% in the German-speaking region, especially driven by the streaming platform Joyn and the audio segment. Segment revenues were also significantly impacted by a consolidation effect: The US production business of Red Arrow Studios, which was sold as of July 1, 2022, had still contributed revenues of EUR 75 million in the second quarter of the previous year. Organically1, segment revenues in the second quarter were accordingly 13% below the previous year. These effects also impacted the segment's revenue development in the first half of the year: External revenues recorded a decline of 21% to EUR 1,119 million (previous year: EUR 1,410 million) or organically1 of 13%.
External revenues in the Commerce & Ventures segment, by contrast, grew again and were up 3% at EUR 169 million (previous year: EUR 164 million). Organic1 growth was also 3%. This was driven by the online comparison portal Verivox (Consumer Advice). Verivox has benefitted from the easing in the energy markets since the beginning of the year and has since returned to dynamic and profitable growth. In addition, the Beauty & Lifestyle business with flaconi increased despite ongoing consumer restraint in the German-speaking region. In contrast, the media-for-revenue and media-for-equity business of SevenVentures declined as expected, partly due to the weak advertising environment. In the months January to June 2023, segment revenues grew in total by 9% to EUR 340 million (previous year: EUR 311 million) or organically1 by 10%. Here, too, the strong growth in the Digital and Commerce portfolio, driven in particular by Verivox and flaconi, more than compensated for the revenue decline at SevenVentures.
External revenues in the Dating & Video segment amounted to EUR 107 million in the second quarter of 2023, a decrease of 18% (previous year: EUR 130 million), or 16% adjusted for currency effects. Last year, stricter regulations regarding fair consumer contracts came into force in Germany, affecting in particular the subscription models of the Parship and ElitePar
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
09/10/2026
September 10 2026, 06:00 (PDT) Dolby Expands Dolby OptiView Platform with New Capabilities at IBC 2026
New Sports Intelligence helps providers better unders...
07/10/2026
Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...
24/09/2026
Download Now!
To receive a short case study showcasing NHK Technologies, Inc. (NT) s audio setup, please enter the following details:
--
First Name* Fir...
24/09/2026
Manifold Technologies Appoints Ryhaan Williams as CCO for North America
Brie Clayton September 24, 2026
0 Comments
Brings three decades of broadcast e...
24/09/2026
UNIFACHA Expands Educational Program with DaVinci Resolve Studio
Brie Clayton September 24, 2026
0 Comments
Brazilian university empowers next generat...
24/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/09/2026
Viewers watching videos from the Austrian Parliament online will soon find it easier to verify the authenticity of the content. Big Blue Marble, an internationa...
24/09/2026
nsign, the digital signage SaaS platform built around its Simplify Complexity principle, is now officially certified for BRAVIA Professional Displays from Son...
24/09/2026
Encompass Digital Media today announced the successful migration of multiple Viaplay free-to-air channels, including TV3, TV6, TV8 and TV10, to its Altitude Sch...
24/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
24/09/2026
Music Supervisor, Composer, and Mixing Engineer Santiago Uribe has built a career around producing music for film and television, contributing to more than 40 p...
24/09/2026
The North American Broadcasters Association (NABA) will hold a full-day cybersecurity summit focused on defending against growing cyber threats facing the broad...
24/09/2026
The home interiors retailer signs up for third year as sponsor
RT Commercial today announced that Harry Corry has signed up to a third year as sponsor of Live...
24/09/2026
When COVID-19 emerged, scientists had a crucial advantage: Decades of prior research on coronaviruses meant they understood the virus' key proteins well eno...
24/09/2026
RT Radio 1 Folk Awards Tickets on Sale
Dolores Keane to be inducted into the...
24/09/2026
A warped Manhattan is waiting in the cloud this week. Remedy Entertainment's CONTROL Resonant brings Dylan Faden's extraordinary abilities and a paranat...
23/09/2026
Four control rooms support B1G+ streams, videoboard shows, creative content, and...
23/09/2026
By Andrew Cohen, SVG Coorespondant
The Mountain West debuted its new Replay Operations Center at the start of this football season, bringing real-time collabor...
23/09/2026
The Taylorville, IL, native is pushing creative boundaries at Ball State, gaining reps across directing, technical directing, tape, and more than 100 ESPN+ broa...
23/09/2026
Alexander Heller, Nevada Jose, Will Brill, and Giselle Bonilla pose with cast members at The Musical premiere during the 2026 Sundance Film Festival at Eccles...
23/09/2026
Includes natural and processed patches
The Crow Hill Company's latest sample library captures a children's choir comprising a troupe of boys perform...
23/09/2026
Plug-in offers six bands of saturation
Kreuzberg Audio's product range includes a selection of plug-ins and virtual instruments aimed primarily at hard-...
23/09/2026
Latest DAW update now live
SoundBridge have announced that the latest update for the remote-collaboration-focused DAW is now available. The release of Sound...
23/09/2026
Koori Knockout returns home exclusively to NITV and SBS On Demand in 2026
11 September, 2026
Media releases
Fans can catch all the live action exclusively ...
23/09/2026
Rohde & Schwarz acquires NEOSAT and PHYTRONIC and strengthens its competencies i...
23/09/2026
1. ABOUT THE PROGRAMME
The National Film and Video Foundation (NFVF) invites applications from experienced producers who own or manage a South African product...
23/09/2026
The National Film and Video Foundation (NFVF) is pleased to announce the opening...
23/09/2026
Download Now!
To receive a short case study showcasing NHK Technologies, Inc. (NT) s audio setup, please enter the following details:
--
First Name* Fir...
23/09/2026
Nielsen CMI data reveals a changing fast-food landscape, with value, convenience...
23/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/09/2026
COW Jobs: Blender on Windows - Generalist - Remote
Brie Clayton September 23, 2026
0 Comments
Application Users - Blender on Windows - Generalist
Se...
23/09/2026
Version 1.8 recognised for new workflow tools, boosted control panel flexibility and ease of integration into IP networks...
23/09/2026
Hiltron Communications reports a successful 2026 International Broadcasting Convention, held at the RAI Amsterdam. Exhibiting on stand A37 in Hall 1, Hiltron ex...
23/09/2026
Reinforcing its long-term commitment to the Middle East and North Africa (MENA) broadcast market, LiveU is presenting the Q Era at CABSAT 2026, on Stand H1-D35 ...
23/09/2026
Agence France-Presse (AFP), a global news agency, and Dalet, a leading technology and service provider for media-rich organizations, today announced a partnersh...
23/09/2026
Berklee Connect Unlocks the Power of a Global Network Katie Vitolins BM '04 knows firsthand what Berklee's alumni community can make possible. Now she...
23/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/09/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
23/09/2026
Westminster Schools, a K through 12 school in Atlanta, Georgia with approximately 2,000 students, has transformed its student broadcast and digital storytelling...
23/09/2026
The 2026 edition of CABSAT and SATExpo may have a new home and dates in the diary, but it still retains a strong presence from UK companies in the GREAT Britain...
23/09/2026
Glensound will return to CABSAT with new developments in professional monitoring and Dante interfacing, alongside its established commentary, esports and parlia...