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RTL sees FY revenues, profit drop but TV streaming service subscribers up

Friday 12 March 2021 | 09:43 CET | News
RTL Group said its revenues fell by 9.5 percent year-on-year in 2020 to EUR 6.01 billion compared with EUR 6.65 billion in 2019, mainly due to declining TV advertising markets across Europe in Q2 and lower revenues from content production, resulting from the impact of the Covid-19 pandemic. Revenues were down 6.8 percent organically. Revenues in TV advertising business were up 0.8 percent year-on-year in the second half of 2020, and up 2.8 percent year-on-year in Q4. Streaming revenue from TV Now and Videoland grew by 20.6 percent to EUR 170 million last year, compared with EUR 141 million in

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Categories: Broadcast & Satellite / Internet
Companies: RTL / RTL Group / Videoland
Countries: Europe
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