ProSiebenSat.1 Group exceeds expectations for revenues and adjusted EBITDA in full-year 2020 noticeably
Unterfoehring, January 21, 2021. ProSiebenSat.1 Group has achieved revenues of around EUR 4.040 billion and an adjusted EBITDA of around EUR 700 million for the full-year of 2020. These figures are preliminary and unaudited. Thus, the Group has clearly exceeded its full-year financial outlook last published in the context of the Q3 2020 results release as well as market expectations. ProSiebenSat.1 had targeted Group revenues between EUR 3.85 billion and EUR 3.95 billion as well as an adjusted EBITDA between EUR 600 million and EUR 650 million in full-year 2020 after the Group's business had been heavily influenced particularly in the second quarter by the COVID-19 related restrictions.
The noticeably better than expected business development is due to a strong performance in the fourth quarter to which all segments of ProSiebenSat.1 Group contributed. Key driver was especially the growth in the Group's advertising business in the low-single-digit percentage range. This also reflects the Group's continuous improvement in the advertising business over the course of the COVID-19 pandemic in 2020. Previously, the Group had expected a decrease in advertising revenues in the single-digit percentage range in the fourth quarter.
At the same time, net financial debt at the end of 2020 decreased to around EUR 1.970 billion due to a good cash flow development. This also represents a noticeable improvement compared to the initial expectations. Furthermore, the Group has exercised its early redemption call for its EUR 600 million notes, which were scheduled to be repaid in April 2021, and has prepaid the notes at nominal value on January 15, 2021.
Rainer Beaujean, Chairman of the Executive Board & CFO of ProSiebenSat.1 Media SE: We are very satisfied with our development in the fourth quarter. We are pleased that we were thus able to bring a conciliatory ending to 2020, which was a difficult year for everyone due to COVID-19. This shows that our program investments have paid off: In a competitive environment we convinced with highly attractive entertainment and infotainment formats and thus also strengthened our position in the TV advertising market. Now, we are fully focusing on 2021: As already announced, we expect that the current lockdown measures in our core markets will affect particularly our advertising business in the first quarter compared to the previous year. However, we expect a significant improvement in the Entertainment segment year-on-year especially in the second quarter. As in 2020, as an early cycle company we anticipate a rapid recovery as soon as the restrictions are being eased or lifted. Overall, we are focused on consistently pursuing our strategy in all segments and positioning ProSiebenSat.1 in an even more synergistic and cost-efficient way. We are concentrating on profitable growth on the one side as well as on the other side on achieving the mid-term improvement of our P7S1 return-on-capital-employed target to over 15 percent.
ProSiebenSat.1 Group's will publish the entire full-year figures for 2020 as well as the financial outlook for 2021 in its Annual Report on March 4, 2021, at 7:30 CET, as well as present the results at the Group's Annual Press Conference on the same day.
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...
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 ...
21/04/2026
Rashad Frett attends the 2025 Sundance Film Festival premiere of Ricky at Eccles Theatre on January 24, 2025, in Park City, UT. (Photo by George Pimentel/Shut...
21/04/2026
Five years ago, Spotify arrived in Pakistan, opening a new chapter in the country's music scene. Since then, local listeners have explored across genres, ge...
21/04/2026
Since its launch in 2020, RADAR has been our program for spotlighting emerging artists around the world. This year marks the sixth edition of RADAR Spain, our o...
21/04/2026
Offers compact wireless solution for pedalboards
Taiwanese audio brand Cloudvocal have announced the availability of a new pedalboard-friendly wireless syst...
21/04/2026
Latest hybrid sampling/synthesis instrument arrives
Arturia's Augmented series offerings rely on a mixture of sampling and synthesis, allowing users to ...
21/04/2026
Rohde & Schwarz to host Power Electronics Online Conference From Design to Vali...
21/04/2026
MAS and Lockheed Martin partner to establish an F-35 depot in Canada, enabling in-country sustainment and creating high-skilled aerospace jobs....
21/04/2026
Advertising strategies shift as competition grows for a large, active and qualit...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Layercake Deepens Bitmovin Integration to Power End-to-End Media Orchestration w...
21/04/2026
Cobalt Digital Announces Launch of blueCORE at NAB Show 2026: Compact Powerhouse...
21/04/2026
On-Premise AI Suite from Studio Network Solutions Debuts at NAB Show 2026
Melanie Ciotti April 21, 2026
0 Comments
Unlimited processing, no cloud depe...
21/04/2026
London, 21 April 2026 IBC today announced the appointment of Tim Banham as its first Chief Commercial Officer (CCO), a newly created role that reflects the or...
21/04/2026
Motion Design Tools - April 2026
Roland Kahlenberg April 21, 2026
0 Comments
Within 2 days, Maxon and Canva announced pro-level motion design apps - A...
21/04/2026
Chaos and Zero Density to Showcase Real-Time Ray Tracing for Virtual Studios and...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
21/04/2026
Cinema 4D brings professional 3D workflows to iPad. The return of Autograph now free for individual users. ZBrush expands to Windows on Arm. See it all at NAB...
21/04/2026
Software version 1.6 extends enterprise functionality to place Buttons at the heart of media operations at any scale
Bitfocus, the Norwegian software develope...
21/04/2026
Cobalt Digital Announces Launch of blueCORE at NAB Show 2026: Compact Powerhouse Signal Processors for SDI and ST 2110 Workflows
Compact, multi-function stan...
21/04/2026
Applications open for 2026 AISF and Screen Australia Writer/Director Virtual Ses...
21/04/2026
Tuesday 21 April 2026
A first look at The Cathy Newman Show, live from 27 April
Everything you need to know
Sky News has announced The Cathy Newman Show, a m...
21/04/2026
Tuesday 21 April 2026
Sky Sports to make ICC Women's T20 World Cup 2026 available to all
The opening matches for all the home nations plus final will be a...
21/04/2026
Comscore Continues Building Momentum in Local Measurement Through New Agreements...
21/04/2026
Summer is nearly here and Super Garden is returning to our screens to spark some gardening inspiration. The new series kicks off on Thursday 23 April at 7pm on ...
20/04/2026
At the 2026 NAB Show, Sony is showcasing a broad slate of innovations across liv...
20/04/2026
At the 2026 NAB Show, Canon is doubling down on its commitment to live sports pr...
20/04/2026
Fujifilm is sharpening its focus on core broadcast production with a new wave of...
20/04/2026
This upcoming summer in North America is going to be a busy one. The 2026 FIFA M...
20/04/2026
Glookast (Booth W1661) announced a series of product updates at NAB Show 2026, c...
20/04/2026
Matrox Video and Amagi announced a collaboration to integrate the Matrox ORIGIN ...
20/04/2026
Riedel Communications (Booth C4908) announced that the Asociaci n del F tbol Arg...
20/04/2026
Ikegami (Booth C3819) announced the VFE-P07D monocular OLED viewfinder at NAB Sh...
20/04/2026
International Association of MediaTech (IAMT), formerly known as IABM, announced...
20/04/2026
Harmonic (Booth W2831) announced that DIRECTV is updating its US direct-to-home (DTH) video platform using Harmonic's VOS Media Software.
The deployment is...
20/04/2026
Wasabi Technologies announced that it has acquired the Lyve Cloud business from Seagate Technology. As part of the agreement, Seagate received equity in Wasabi ...
ProSiebenSat.1 Group exceeds expectations for revenues and adjusted EBITDA in full-year 2020 noticeably 
