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RTL Group posts 3% revenue drop in Q1, hurt by fall in TV ad sales

Thursday 30 April 2020 | 12:31 CET | News
RTL Group reported first-quarter revenues of EUR 1.47 billion, down 3.4 percent year-on-year (-3.3% at constant scope and exchange rate). The company said that its core broadcast business line was impacted by lower TV advertising sales during March, due to cancellations of advertising bookings amid the Covid-19 pandemic. This trend has accelerated in the current quarter following the introduction of lockdown measures across Europe.

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Categories: Broadcast & Satellite
Companies: RTL Group
Countries: Europe
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