ProSiebenSat.1 Group increases full-year outlook for revenues and adjusted EBITDA following a good first quarter
ProSiebenSat.1 Group's revenues grew better than planned by 1% to EUR 938 million in the first quarter of 2021 despite pandemic-related lower advertising revenues.
Also the Group's adjusted EBITDA developed better than originally expected in the pandemic environment, declining by only 9% year-on-year to EUR 143 million.
In particular the strong earnings growth in the Dating and Commerce & Ventures segments largely offset the declines in the high-margin advertising business. Together with efficient cost management, this strengthened the Group's profitability.
Net financial debt was reduced by EUR 295 million compared to March 31, 2020, despite the pandemic environment.
The Group increases its full-year outlook for revenues by EUR 100 million to a target range between EUR 4.250 billion and EUR 4.450 billion and for adjusted EBITDA from between EUR 720 million and EUR 780 million to between EUR 750 million and EUR 800 million.
Unterf hring, May 12, 2021. Despite the continuing impact of the COVID-19 pandemic, ProSiebenSat.1 Group made a good start into financial year 2021: In the first quarter of 2021, the Group generated revenues of EUR 938 million - a slight increase of 1% compared to the previous year (previous year: EUR 926 million). In the first three months of the year, the ongoing diversification of the Group more than compensated for the effects of the COVID-19 pandemic on the Group's revenues after the previous-year quarter was not impacted by initial COVID-19 effects until mid-March 2020. Whereas in the first quarter of 2021 advertising revenues were down year-on-year as expected due to the pandemic, growth was generated amongst others by program production and sales as well as the distribution business in the Entertainment segment and by companies in the Commerce & Ventures segment such as the online beauty provider Flaconi, which particularly benefited from the advertising reach of the entertainment business. In addition, the Dating segment played a key role here with the integration of the US online dating company The Meet Group, which is also recording strong organic growth.
Rainer Beaujean, Chairman of the Executive Board of ProSiebenSat.1 Media SE: We are very satisfied with our start into the year 2021. Despite the continuing COVID-19 lockdown, we have achieved revenue growth in the first quarter and limited the impact on adjusted EBITDA - even though the previous-year figures were mostly not yet affected by the pandemic until mid-March 2020. This is clearly due to our increasing diversification: Particularly with our good results in the Dating and Commerce & Ventures segments, we largely compensated for the pandemic-driven declines in the advertising business.
Operating performance
ProSiebenSat.1 has been reporting in the three segments Entertainment, Dating and Commerce & Ventures since January 1, 2021. With this, Red Arrow Studios' program production and global sales business as well as the digital studio Studio71 have been integrated into the Entertainment segment. The Dating segment, which includes ParshipMeet Group, remained unchanged compared to the end of 2020. The newly created Commerce & Ventures segment has since bundled the Group's minority and majority investment areas. These include the investment arm Seven Ventures and the NuCom Group companies. In this way, the Company is becoming even more synergistic, diversified and profitable in order to generate sustainable growth in all business areas.
External revenues in the Entertainment segment amounted to EUR 610 million in the first quarter of 2021 and were thus 8% below the previous year's figure (previous year: EUR 664 million). While the ongoing pandemic-related restrictions had the expected impact on the advertising industry's investment behavior, and advertising revenues in the Entertainment segment decreased by 14%, revenues from program production and sales rose by 20%. Distribution revenues also developed dynamically and increased by 8% year-on-year, in particular due to higher numbers of HD users.
In the first quarter of 2021, the Dating segment generated external revenues of EUR 141 million and thus EUR 82 million more than in the previous-year quarter (previous year: EUR 59 million). This increase was influenced by the acquisition of The Meet Group in September 2020, which is also recording strong organic growth; organically(1), revenues of the Dating segment remained about stable. On a pro-forma basis(2), i.e. including The Meet Group's revenues for the first quarter of 2020, the segment posted a revenue increase of 36%, with the live video business of The Meet Group growing particularly dynamically in the first quarter of 2021.
In the Commerce & Ventures segment, external revenues decreased by 8% to EUR 187 million in the first quarter of 2021 (previous year: EUR 203 million), which is due to the disposal and deconsolidation of the OTC provider WindStar Medical in December 2020. Organically, however, the segment's revenues clearly grew by 10%. Despite the impact of the COVID-19 pandemic, the online beauty provider Flaconi in particular continued its positive revenue development with significant growth and more than compensated for the negative effects that the lockdown measures are still having on individual portfolio companies such as the car rental comparison portal Billiger Mietwagen (SilverTours) and the experience and leisure business of Jochen Schweizer mydays.
The Group's adjusted EBITDA decreased by only 9% or EUR 14 million year-on-year to EUR 143 million in the first quarter of 2021 (previous year: EUR 157 million) and thus less than originally expected. While the revenue decline in the high-margin advertising busin
Europe Stories
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...
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
17/09/2025
It was the ultimate convergence of pop culture and literary prestige: Last night, Dua Lipa brought her Service95 Book Club podcast to the stage for a special li...
17/09/2025
Transatlantic collaboration combines experience and agility to drive innovation in network design and delivery
Luxembourg, September 16, 2025 - SES, a leading ...
17/09/2025
Wednesday 17 September 2025
UK artists capture icons of stage and screen, inclu...
17/09/2025
For the Moon Safari anniversary tour, AIR opened the doors to their backstage. Just a few hours before the Paris concert, DPA met with two key figures of the te...
17/09/2025
Auditions will be held in Dublin, Cork and Galway
The County Parade returns f...
16/09/2025
Hace una d cada, la m sica latina representaba apenas el 8% de las reproducciones globales en Spotify. Hoy, constituye m s de una cuarta parte (27%) de toda la ...
16/09/2025
A decade ago, Latin music made up just 8% of global Spotify streams. Today, it a...
16/09/2025
Spotify is expanding our video lineup with a new partnership with Zoo 55, part of ITV Studios. For the first time, acclaimed content from ITV Studios is landing...
16/09/2025
Calrec has strengthened its collaboration with audio metering expert RTW by integrating RTW's new TMxCore metering platform across its full range of Argo IP...
16/09/2025
Leading space solutions company will use optical ground stations to deliver faster, more secure data from space
Luxembourg, September 15, 2025 - SES, a leading...
16/09/2025
Comscore Unveils The Scoreboard: An Interactive Destination Surfacing Consumer B...
15/09/2025
Global K-Pop sensation aespa is redefining what it means to be rich with the r...
15/09/2025
Every day, millions of people around the world turn to Spotify to enjoy the audi...
15/09/2025
After months of intensive planning and implementation, Brembo SGL Carbon Ceramic...
15/09/2025
Unique sports content orchestration platform builds momentum among SES's cus...
15/09/2025
-- Opens door to growth in renewable energy New Delhi, India - 15th September -- Global business and industry leaders from around the world are joining technol...
13/09/2025
Harmonic's Software-Based XOS Advanced Media Processor Provides Unparalleled Efficiency and Unlocks New Business Models SAN JOSE, Calif. - Sept. 13, 2025 -...
12/09/2025
For fans, we know how important it is to stay plugged into music culture and dis...
12/09/2025
Link ping, Sweden and Shipley, United Kingdom, September 12, 2025 - Agama, the expert in video observability and analytics for service quality and customer expe...
12/09/2025
Feature-length retrospective from Studio Crook to air in 2026
Sir David Jason returns to the nation's favourite comedy channel, U&GOLD, for Open All Hours:...
12/09/2025
Friday 12 September 2025
The Boomtown Rats, Nyah Grace, Soweto Kinch, Royal Ballet and Madness also announced to perform at the ceremony on Tuesday
Sky today ...
12/09/2025
Wuppertal September 12, 2025
Riedel Unveils Ultra-Light Bolero Mini Wireless Intercom BeltpackAt IBC2025 in Amsterdam, Riedel Communications unveiled Bolero M...
12/09/2025
Wuppertal September 12, 2025
Riedel Communications Acquires hi human interfaceRiedel Communications today announced the acquisition of hi human interface fro...
12/09/2025
CORE+ virtually removes distortion, setting a new standard for church sound and giving worship teams the clarity and confidence they need.
Read the full artic...
12/09/2025
The Late Late Show is back with a bang after the summer break, and Patrick Kielt...
12/09/2025
The World Athletics Championships, Ireland v France in the Women's Rugby World Cup quarter-final, the Irish Champions Festival, and two Sports Direct Men...
12/09/2025
The Records Show starts Sunday at 6.30pm on RT One and RT Player.
Katie Hanno...
11/09/2025
RADAR, Spotify's program for emerging talent, recently hit a major milestone...
11/09/2025
Link ping, Sweden, September 11, 2025 - Agama, the expert in video observability & analytics for service quality and customer experience, announced today the la...
11/09/2025
Under the USD 89.6 Million award, SES Space & Defense will provide global commer...
11/09/2025
Leading Balkan DTH provider adds capacity to consolidate its m:Sat TV platform at 23.5 degrees East and serve more customers across the region
Luxembourg, 11 S...
11/09/2025
UKTV's free streaming service U launches on Sky Q
Free streaming service U has launched on Sky Q in the UK, UKTV and Sky confirm today, expanding the footp...
11/09/2025
From the discreet 2061 lavaliers to 4099 and 4011 mics, the setup delivered clean, natural sound in one of the most challenging broadcast environments.
Read th...
11/09/2025
From rugged build quality to natural, detailed sound, the verdict is clear: big performance can come in a very small package.
Read the full review here!...
11/09/2025
Tonight on Prime Time
RT One and RT Player at 9:35pm
Tonight RT Prime Time...
11/09/2025
RT Statement: 2026 Eurovision Song Contest
At the General Assembly of the European Broadcasting Union (EBU) in July, a number of EBU members raised concerns ...
10/09/2025
Lossless on Spotify Premium is here.
Lossless audio has been one of the most a...
10/09/2025
The Television Will Be Revolutionised Sep 10, 2025
Written by Sunit Kotecha, Director of Delivery and Operations, YouView
2025 marks a century since the f...
10/09/2025
First of Spains F110 frigates get future-ready with Rohde & Schwarz communicatio...
10/09/2025
Harmonic's cOS Platform Supports DOCSIS and Fiber, Enabling Midco to Deliver Reliable Multi-Gigabit Connectivity to Subscribers SAN JOSE, Calif. - Sept. 10,...
10/09/2025
RT brings three days of live radio, live entertainment, live news, live weather, personal appearances, and more
Join RT Radio 1: Morning Ireland, The Oliver ...
09/09/2025
Since 2020, Spotify's RADAR program has been a launchpad for emerging talent...
09/09/2025
In 2020, Spotify launched RADAR with a clear mission: to identify, nurture, and ...
09/09/2025
If you're on BookTok, you know the drill. You scroll, you tap, and suddenly your To Be Read list is overflowing with trending must-reads. Not unlike Spoti...
09/09/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
09/09/2025
Harmonic's VOS360 Ad SaaS Enables Personalized Ad Delivery and Seamless Integration with the Ad Tech Ecosystem SAN JOSE, Calif. - Sept. 9, 2025 - Harmonic ...
09/09/2025
St. Luke's Episcopal Church in New Jersey needed audio that truly connects and they found the answer.
Read the full case study here!...
ProSiebenSat.1 Group increases full-year outlook for revenues and adjusted EBITDA following a good first quarter 
