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ProSiebenSat.1 FY revenues fall 2%, targets return to growth in 2019

Thursday 7 March 2019 | 17:32 CET | News
German broadcaster ProSiebenSat.1 reported a 2 percent decrease in revenues to EUR 4 billion in 2018 due to the deconsolidation of the travel portfolio and the video-on-demand portal Maxdome. Excluding these effects, revenue rose 1 percent. Adjusted EBITDA fell 4 percent to EUR 1.013 billion, and the margin dipped to 25.3 percent compared to 25.8 percent in the previous year, in line with expectations. The adjusted net income decreased 2 percent to EUR 541 million, and free cash flow was a negative EUR 78 million in 2018 compared to a positive EUR 728 million in 2017.

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Categories: Broadcast & Satellite / Internet
Companies: ProSiebenSat.1
Countries: Germany
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