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
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
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...
29/05/2026
With InfoComm 2026 just weeks away, NDI is giving attendees plenty of reasons to...
29/05/2026
Reaffirming a partnership that has defined Canadian sports broadcasting since 19...
29/05/2026
Mobile/tablet is No. 2 device for watching TV, suggesting that the sports-production industry needs to take another look at the format
Ring Digital's Sprin...
29/05/2026
Berliner Ensemble, one of Berlin's five major theater companies, has expande...
29/05/2026
Solid State Logic will showcase its new compact, fly-away TCA Tour audio product...
29/05/2026
Gerald (Jerry) Pierce, a pioneering technologist who helped shape the digital transformation of the motion picture industry, passed away last month on April 12 ...
29/05/2026
Paramount+ will be the English-language U.S. home for Barclays Women's Super...
29/05/2026
Further strengthening its virtualisation strategy to fully support broadcasters ...
29/05/2026
Swiss broadcaster Canal Alpha has deployed Harmonic's award-winning, software-based XOS Advanced Media Processor to modernize playout operations across cant...
29/05/2026
PTZOptics will showcase a new generation of intelligent video workflows at InfoComm 2026, June 17-19, Las Vegas. Visitors to booth N8227 will see how PTZOptics ...
29/05/2026
Arizona's Family has launched the Arizona's Family Sports (AZFS) streaming app, a new direct-to-consumer destination for live, local sports. The app is ...
29/05/2026
Starting in 2027, DAZN will be the exclusive home of The Canadian Football Leagu...
29/05/2026
Comcast Business has detailed the advanced network infrastructure it has deploye...
29/05/2026
In two-day event, leaders from academia and industry explored solutions to chall...
29/05/2026
The Basketball Tournament (TBT), now entering their 13th year of competition, ha...
29/05/2026
Roku has launched FOX One as a Premium Subscription on The Roku Channel in the U.S. Roku customers can now subscribe to FOX One using their Roku account for liv...
29/05/2026
In its sixth year, the broadcaster's coverage has become a global brand and ...
29/05/2026
Ratings Roundup is a rundown of recent ratings news and is derived from press re...
29/05/2026
The days are getting longer, the temperatures are rising, and playlists are filling up for the season. With summer around the corner, Spotify's global edito...
29/05/2026
New retro-inspired MPC announced
There are few devices that have gained the status held by Akai Pro's MPC range, and in recent years, the company have s...
29/05/2026
Save up to 30 on acclaimed titles
Following a successful launch at Superbooth 2026, Bjooks have revealed that they will be continuing the Kickstarter campa...
29/05/2026
Binaural monitoring application improved
Genelec have just released an update that brings some powerful new features to their HRTF-based binaural headphone ...
29/05/2026
6 June 2026 at SAE Institute, London, UK
IMSTA FESTA 2026 is almost upon us, with some of the biggest names in pro-audio set to descend upon SAE Institute i...
29/05/2026
Gerald (Jerry) Pierce, a pioneering technologist who helped shape the digital transformation of the motion picture industry, died April 12, 2026, at his home in...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Comparing 5 AI Video Enhancers for Restoring Old Video Quality
Kate Luvis May 29, 2026
0 Comments
Digitizing VHS, MiniDV, and other legacy formats doe...
29/05/2026
Studio Hamburg Builds New Post Pipeline with DaVinci Resolve Studio
Brie Clayton May 29, 2026
0 Comments
Workflow replaces a patchwork of legacy tools...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
29/05/2026
At the Intersection of Music and Dance, an Epic Collaboration Boston Conservatory musicians and dancers found creative parallels in their recent performance o...
29/05/2026
Something fundamental has shifted in how people consume media. Audiences aren't abandoning television or radio content; they're just expanding how, wher...
29/05/2026
Youtube exclusive special drops today
Watch now
UKTV today announces another e...
29/05/2026
Back to All News
The Official Trailer of Physical 100 Italy, on Netflix From Se...
29/05/2026
At just 20 years old, Sean Melia from Summerhill Co. Meath has been revealed as the winner of Super Garden 2026. Sean is the youngest ever contestant and winner...
29/05/2026
Experimental HIV vaccine achieves a long-sought goal In a first for the field, all non-human primates given a new series of vaccines generated antibodies capabl...
28/05/2026
Thomsons Climate Crisis Toolkit is already being put to work, helping journalist...
28/05/2026
FOX Sports' MLB coverage dominated the night at the 47th Annual Sports Emmy ...
28/05/2026
One of the most memorable postseasons in baseball history would have had no memo...
28/05/2026
NBC's Sunday Night Football is among the most-decorated and most-watched pro...
28/05/2026
The 2026 Sports Emmys marked a watershed moment for Prime Video Sports. After bu...
ProSiebenSat.1 Group increases full-year outlook for revenues and adjusted EBITDA following a good first quarter 
