RTL Group Revenue Hit As Weak Ad Market Counters Streamer Growth

📆 08/11/2023 10:25 ص
📰 THR

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Streaming revenue shot up 21 percent at the Fremantle parent company but the traditional TV ad market continues to slide.

A still-soft advertising market pulled down revenue at European broadcast giant RTL Group, Fremantle‘s parent company, which reported a 6.

9 percent drop in turnover from January to September 2023 to €4.66 billion . Group CEO Thomas Rabe put the blame on “challenging market conditions,” in particular cronically-weak ad sales. RTL Group now expects TV

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