'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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