, Europe’s largest broadcaster, reduced its full-year 2024 revenue forecast after a weaker-than-expected third quarter amid softer TV advertising trends in Germany, where the company was affected by theRTL now predicts €6.3 billion in 2024 revenue, down from €6.6 billion previously, “due to the German TV advertising market and lower growth of the content production market.” Third-quarter ad revenue declined 2.3 percent.
RTL confirmed its full-year adjusted earnings before interest, taxes and amortization outlook at around €750 million, with a variance of plus/minus €50 million. However, it emphasized: “Due to the persistent weakness of the German economy and TV advertising market, RTL Group now expects adjusted EBITA to come in at the lower end of the range.”dropped by 7.1 percent for the January-September period to €1.43 billion “as the growth of the content production market was lower than expected.
He added: “The integration of the newly acquired Asacha Media Group and Beach House Pictures into the global Fremantle network is progressing well. With a strong content lineup in the fourth quarter, Fremantle will significantly increase its full-year adjusted EBITA.”Kevin and the Sticky Bandits Have Arrived for the Holidays in the Disney Store’s New ‘Home Alone’ Collection . We use vendors that may also process your information to help provide our services.