Prosiebensat Q1 core profit beats estimates
ProSiebenSat.1 Media Q1 Financial Performance Overview
May 13 (Reuters) - German broadcaster ProSiebenSat.1 Media reported first-quarter core profit above market expectations, helped by cost controls under its new owner MFE-MediaForEurope.
Core Profit and Earnings Results
Adjusted earnings before interest, taxes, depreciation and amortization reached 44 million euros ($52 million), ahead of the 37 million euros forecast in a company-provided consensus, it said.
Ownership and Acquisition Details
MFE, the Italian media group controlled by the Berlusconi family, took control of ProSiebenSat.1 after a 2025 acquisition.
Revenue and Market Environment
Revenue Performance
• Revenue fell to 775 million Euros from 855 million from the same period last year
Advertising Environment and Outlook
• The company, which has struggled with a weak TV advertising environment for several quarters, confirmed its 2026 outlook
• It expects slight organic growth in revenue and a leverage ratio of between 3.0 - 3.5 by the year's end
Advertisement Business Trends
• CFO Bob Rajan flagged a positive trend in its advertisement business, saying April performed better than in the first quarter
Strategic Initiatives and Divestments
Cost Efficiency and Agile Structures
• "We are driving the shift toward more agile structures and further cost efficiency," CEO Marco Giordani said in a statement, adding that the company has divested companies that are not part of its strategic focus
Divestment of Non-Core Segments
• In April, Prosieben sold its North American creator business, continuing its strategy of divesting non-core segments
Additional Information
($1 = 0.8523 euros)
(Reporting by Cian Muenster; Editing by Matt Scuffham and Izabela Niemiec)
