ProSiebenSat.1 increases revenues by 4% in Q3 2019
Revenues increase by 4% to EUR 926 million in Q3, 56% of revenues are non-TV core advertising business that grows by 13% while TV core advertising revenues decline by -6%
Growths drivers are 21% at Red Arrow Studios, 13% at NuCom Group and 37% in digital and smart advertising business
Streaming platform Joyn remains on growth course with nearly 5 million monthly total active users and 4.9 million app installs
Group continues transformation with reorganization of Holding and Entertainment structure
ProSiebenSat.1 further invests in the future of the Entertainment business and in the growth of NuCom Group, as expected this is reflected in the development of adjusted EBITDA
Group maintains financial targets for the full-year 2019, that are however dependent on the development of the macroeconomic environment and the TV advertising business in Q4
Munich, November 7, 2019. Max Conze, CEO of ProSiebenSat.1 Media SE: We continue to make good progress and consistently drive ProSiebenSat.1's transformation. Despite the increasingly difficult macroeconomic environment and a therefore weaker TV advertising market, our revenues increased by 4% in the third quarter. 56% of our revenues are now generated from non-TV core advertising business - and growing by 13% in the third quarter. This was driven by growth of 37% in the digital and smart advertising business and continuing double-digit growth rates at Red Arrow Studios and NuCom Group. We demonstrated once again that our decision to invest in a digital and diversified future was the right one: Our streaming platform Joyn is continuously gaining new users, and the premium version will be launching this winter. At NuCom Group, the online-beauty provider Flaconi boasts very dynamic growth of 59% in the third quarter, while our focus on local content is becoming increasingly effective. In the first nine months of the year, we are clearly ahead of the audience shares of the previous year, and a strong portfolio of fiction and entertainment formats, such as Schattenmoor', Dancing on Ice', and Queen of Drags' is coming up in the next months. In a weakening and less predictable environment, it is all the more important to continue investing in the future of the company.
Development of the Group
ProSiebenSat.1 Group concluded the third quarter largely within its expectations: Despite the clearly weaker than originally anticipated development in the TV advertising business, the Group increased its revenues by 4% to EUR 926 million in this period (previous year: EUR 892 million); the organic(1) increase was 3%. While especially the TV core advertising business affected the development in the Entertainment segment and led to a decline of -4% (organic decline: -3%) in revenues, this was more than offset by the revenue growth in all other business areas. Thus, the Content Production & Global Sales (Red Arrow Studios) and Commerce (NuCom Group) segments both increased their revenues by double-digit growth rates of 21% and 13% respectively (organic growth: 15% and 10% respectively). Also the digital and smart advertising business grew again by a strong 37%. The Group's adjusted EBITDA was in line with expectations, too, and decreased by -25% to EUR 131 million in the third quarter (previous year: EUR 175 million): Besides lower TV core advertising revenues, this reflects the Group's decision to continue investing as announced in the future of the Entertainment business and in an accelerated growth of NuCom Group. Against this backdrop, adjusted net income decreased by -39% to EUR 46 million (previous year: EUR 75 million) as expected.
In the first nine months of 2019, ProSiebenSat.1 Group's revenues grew by 4% to EUR 2,786 million (previous year: EUR 2,685 million) despite the clearly weaker TV advertising market environment. The organic growth was 3%. As communicated at the beginning of the year, ProSiebenSat.1 consistently invests in the future of the Group. As expected, adjusted EBITDA accordingly fell by -16% to EUR 534 million (previous year: EUR 634 million; net income: -12% to EUR 248 million).
Segment performance
In the Entertainment segment, the Group further accelerated the dynamic development of its digital and smart advertising business which revenues grew by a considerable 37%. This was driven partly by the launch of the digital, advertising-financed streaming platform Joyn and the addressable TV business with the market launch of the Addressable TV spot product. This business area therefore compensated for some of the decline in TV core advertising revenues, which were down -6% year-on-year in the third quarter, reflecting the weakening macroeconomic environment and the corresponding development in the TV advertising market. Furthermore, the deconsolidation of the video-on-demand portal maxdome and the online fitness provider 7NXT also had an impact. Overall, external revenues in the Entertainment segment declined by -4% in the third quarter of 2019. Organically, external revenues decreased by -3%. In the TV audience market, ProSiebenSat.1 Group's channels were clearly ahead of the previous year with an audience share of 28.3% (14- to 49-year-olds) in the last nine months (previous year: 27.5%). This positive trend continued in October with a TV audience share of 28.8%. Digital view time likewise grew in the third quarter, increasing by 21.8%. In particular, the shows The Voice of Germany , Late Night Berlin and Das gro e Backen ( Bake Off ) are popular with viewers on all platforms. Total video viewtime, i.e. the total number of minutes viewed on all of the Group's linear channels and digital entertainment platforms, came to 253 billion minutes in the third quarter (previous year: 260 billion minutes), with the growth in d
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
02/05/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
01/05/2026
January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...
06/04/2026
Michigan legends bring a new voice to the broadcast as TNT Sports and CBS Sports...
06/04/2026
From high school sports all the way up to the major leagues, building high-quali...
06/04/2026
Quickplay, an AI company for the media and entertainment industry, has been accepted into the Advanced tier of the TwelveLabs Ecosystem Partner Program. Quickpl...
06/04/2026
Grass Valley has announced the Future Playmakers Program, a global initiative to...
06/04/2026
El l der de operaciones impulsa la producci n en estudio mientras encuentra insp...
06/04/2026
The ops leader helps lead the charge in studio for the Spanish-language broadcas...
06/04/2026
Behind The Mic provides a roundup of recent news regarding on-air talent, includ...
06/04/2026
The National Hockey League (NHL), in partnership with Verizon and the New Jersey Devils, today announced the opening of the NHL Innovation Lab powered by Verizo...
06/04/2026
Rock League, a new professional curling league, has announced that ESPN+ will stream its inaugural 2026 season for fans in the United States. The first Rock Lea...
06/04/2026
Advanced Systems Group has announced the appointment of Andrea (Andy) Cummis as Vice President of Systems Design and Engineering. In this role, she will lead de...
06/04/2026
Backed by Bolt Ventures, the venture brings Bryson DeChambeau, Grant Horvat, and...
06/04/2026
With this environment we can start that collaboration even earlier because we ca...
06/04/2026
Like the immortal lives of vampires, some stories never really end. That's t...
06/04/2026
As podcasting continues to evolve, growth increasingly means building beyond aud...
06/04/2026
Multiband dynamics plug-in enhanced
California-based developer FSK Audio have released a significant update for their innovative multiband dynamics processo...
06/04/2026
Share official & user-created full-rig presets
IK Multimedia's latest TONEX update makes it possible for users of the popular amp and effects modelling ...
06/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/04/2026
Dalet Showcases Dalia Agentic AI and End-to-End Media Workflows at NAB Show 2026
Brie Clayton April 6, 2026
0 Comments
Dalet, a leading technology and...
06/04/2026
OpenDrives Shows Off Sports Expertise in Sports Business Hub located in NAB Show...
06/04/2026
Proton to Demonstrate 3D Application at NAB 2026
Brie Clayton April 6, 2026
0 Comments
Yet further creative potential unleashed through innovation in ...
06/04/2026
Autoscript Highlights Voice-Driven Prompting and PTZ Solutions at NAB 2026
Brie Clayton April 6, 2026
0 Comments
Experience Autoscript Voice, PTZ prom...
06/04/2026
Mediaproxy Highlights Significant Enhancements to its LogServer suite at NAB Sho...
06/04/2026
Wayne, N.J., April 6th, 2026 Phantom High-Speed announces the release of PCC 4...
06/04/2026
April 6th, 2026
TRIBECA STUDIOS AND LILLY ANNOUNCE WINNERS OF INAUGURAL VITAL...
06/04/2026
Back to All News
Netflix Expands Kids Entertainment Lineup With Playground App ...
05/04/2026
Tackles all reported bugs!
SoundBridge have just announced the launch of a new update that introduces a couple of minor changes to their remote collaboratio...
04/04/2026
The University of Arizona's Men's Basketball team has only loss twice th...
04/04/2026
1080p HDR arrives, a new generation of storytelling tools takes center stage, an...
04/04/2026
Michigan legends bring a new voice to the broadcast as TNT Sports and CBS Sports...
04/04/2026
Faster, cleaner and more intuitive than ever
The control software for Flock Audio's digitally controlled patchbay systems has just been treated to an up...
04/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
04/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
04/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
04/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
04/04/2026
DHD Introduces AI-Based Audio Noise Reduction to XD3 IP Core
Brie Clayton April 3, 2026
0 Comments
The accompanying image shows the rear panel of the ...
04/04/2026
Macnica Redefines ST 2110 Flexibility with Two Speeds on One Card
Brie Clayton April 3, 2026
0 Comments
New for NAB Show 2026, MEP100 SmartNIC now sup...
04/04/2026
Unified Media Workflows for Story-Centric Production
Brie Clayton April 3, 2026
0 Comments
Framelight X unifies field capture, editing and publishing ...
03/04/2026
Michigan's Fab Five will reunite for an alternate presentation of the Mich...
03/04/2026
Avid will exhibit at NAB Show 2026 (April 18-22, Booth N2226, Las Vegas Convention Center), demonstrating its Content Core platform and new AI-driven workflow c...
03/04/2026
Mark Roberts Motion Control (MRMC) has announced the appointment of Nick Barthee as Chief Operating Officer.
The announcement follows MRMC's transition fro...
03/04/2026
Interra Systems has announced that Elite Media Technologies has selected its BATON file-based QC solution for media workflows. Elite Media Technologies speciali...
03/04/2026
Ateme has announced that Moldtelecom has deployed Ateme technologies across its streaming workflow, covering encoding, delivery, operations, and analytics.
Mol...
03/04/2026
Grass Valley will demonstrate Framelight X, its content management platform, at NAB Show 2026. The platform connects capture, ingest, editing, and publishing in...
03/04/2026
Encompass Digital Media and Techex have announced a cloud-native Master Control ...
ProSiebenSat.1 increases revenues by 4% in Q3 2019
