ProSiebenSat.1 Sees Earnings Nosedive 49% As TV Ad Market Continues To Falter

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Soon after announcing plans to cut 400 roles, European giant ProSiebenSat.1 Media has seen profits plunge 49% and revenues fall. The Germany-based broadcaster reported second quarter adjusted EBITD…

Soon after announcing plans to cut 400 roles, European giantThe Germany-based broadcaster reported second quarter adjusted EBITDA of €79M , compared with the

€155M posted in the same segment last year. Adjusted net income was even worse, falling from €64M in 2022 to just €4M, down nearly 94%. Without the adjustment,

 

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