ProSiebenSat.1 updates full-year outlook 2022 due to development of the macroeconomic environment
Group publishes preliminary figures for the third quarter of 2022, significantly influenced by high inflation and increasing consumer restraint
Growth prospects of NuCom Group, reported in the Commerce & Ventures segment, are also impacted
One-time non-cash impairment of assets, in particular of goodwill, at NuCom Group in the third quarter, which is not impacting the dividend relevant adjusted net income
Group reflects stronger as previously expected weakened macroeconomic environment in ProSiebenSat.1's important fourth quarter in its 2022 full-year outlook
Unterf hring, October 27, 2022. Based on preliminary figures, ProSiebenSat.1 Group generated Group revenues of around EUR 921 million (previous year: EUR 1,055 million), adjusted EBITDA of around EUR 118 million (previous year: EUR 162 million) and adjusted net income of around EUR 43 million (previous year: EUR 58 million) in the third quarter of 2022. In revenues, the preliminary quarterly figures reflect deconsolidation effects totaling EUR 78 million as a result of the disposal of the US production business of Red Arrow Studios as of July 1, 2022, and other disposed portfolio companies. Organically1, i.e. adjusted for portfolio and currency effects, Group revenues decreased by around 9% in the third quarter.
In the first nine months of the year 2022, ProSiebenSat.1 generated Group revenues of around EUR 2,930 million (previous year: EUR 3,041 million) on the basis of preliminary figures. Organically1, the revenue decline amounted to around 2%. Adjusted EBITDA for the months January to September 2022 was around EUR 407 million (previous year: EUR 470 million), adjusted net income was around EUR 153 million (previous year: EUR 158 million).
Besides the deconsolidation effects, the business development in the third quarter of 2022 was particularly influenced by the macroeconomic environment in the region of Germany, Austria and Switzerland, which was characterized by persistently high inflation and increasing consumer restraint. As a result, the Entertainment segments external revenues declined organically1 by around 9% in the third quarter. In particular, the advertising business, which is important for ProSiebenSat.1 Group, deteriorated significantly compared to the previous year, with Entertainment advertising revenues in the region of Germany, Austria and Switzerland decreasing by around 10% to EUR 430 million (previous year: EUR 479 million). The strong previous year's quarter also played a role here: In the third quarter of 2021, Entertainment advertising revenues in the region of Germany, Austria and Switzerland had clearly recovered from the COVID-19 effects and recorded an increase of 21%. Also, the Commerce & Ventures segment, in which amongst others NuCom Group is reported, has been affected by the deterioration in the overall economic environment in the region of Germany, Austria and Switzerland. Here, the segment's external revenues declined organically1 by around 8%.
The now predicted persistently high inflation, the energy price crisis and the resulting reluctance to consume are also impacting the growth prospects of the Commerce & Ventures segment, as a large proportion of these businesses are directly dependent on macroeconomic developments due to their focus on end consumers. Against this backdrop ProSiebenSat.1 takes into account a one-time, non-cash impairment of assets, in particular of goodwill, of the cash-generating unit NuCom Group, reported in the Commerce & Ventures segment, in the amount of around EUR 300 million in the third quarter of 2022. This impairment has no impact on the Groups adjusted net income, which is the key indicator for the Groups dividend policy.
Traditionally, the fourth quarter is the most important quarter of the year for ProSiebenSat.1 in terms of full-year revenues and contribution to earnings (Q4 2021: adjusted EBITDA of EUR 370 million). Currently, the fourth quarter of 2022 however shows signs of a more pronounced weakened macroeconomic environment than initially reflected in the latest full-year outlook. Against this backdrop, ProSiebenSat.1 is updating its financial targets for the financial year 2022. The Group now expects revenues of around EUR 4.15 billion and adjusted EBITDA around EUR 650 million for the full-year. For the Groups adjusted EBITDA, these expectations include negative consolidation effects from the full acquisition of the streaming platform Joyn as well as positive effects from cost measures. At the same time, ProSiebenSat.1 assumes the Group's high-margin advertising revenues in the region of Germany, Austria and Switzerland to be presumably down around EUR 130 million or around 17% year-on-year in the fourth quarter (previous year: EUR 776 million) and around EUR 160 million or around 7% down year-on-year for the full-year (previous year: EUR 2,233 million). This affects the Entertainment as well as the Commerce & Ventures segments. Adjusted net income, adjusted operating free cash flow, P7S1 ROCE and leverage ratio2 will thus be below the most recently communicated targets, following the update of adjusted EBITDA expectations.
Previously, amongst others, ProSiebenSat.1 had expected revenues of around EUR 4.375 billion with a variance of plus/minus EUR 75 million and adjusted EBITDA of EUR 780 million with a variance of plus/minus EUR 25 million. Here, the Group had assumed its full-year advertising revenues in the region of Germany, Austria, Switzerland to develop at the previous year's level when reaching the midpoint of the ranges. However, the achievement of these financial targets was subject to the development of the overall economic environment and the advertising market in the region of Germany, Austria and Switzerla
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 updates full-year outlook 2022 due to development of the macroeconomic environment 
