'Fremantle Grows by 27% as Owner RTL’s Revenues Soar

27% as Owner RTL’s Revenues Soar

Bertelsmann’s Luxembourg-based

media giant RTL Group, which owns Fremantle, has declared revenue of €5

97 billion) for

the first nine months of 2022, a growth of 12% from the corresponding period in 2021

The RTL

Group has interests in 56 television channels, eight streaming services and 36 radio stations

7 billion as

strong growth from Fremantle revenue and streaming revenue more than compensated for lower TV advertising

The TV

advertising revenue market was a mixed bag with Germany and France decreasing by 7% and 2% respectively

4% to €195

million thanks to the rapidly growing number of paying subscribers

7 million paying

subscribers for its streaming services RTL+ in Germany and Videoland in the Netherlands, up 40

Overall, the

group has revised its revenue projection to increase to around €7

It expects

its adjusted EBITA (Earnings before interest, taxes, and amortization) for 2022 to be between €1

15 billion, including

streaming start-up losses of up to €250 million

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