RTL Group Announces First Half Profit Decline
RTL Group (RGLXY), a prominent media conglomerate, announced a significant decline in profits for the first half of the year, primarily due to decreased revenues. When considering ongoing operations, the company posted a loss compared to a profit in the previous year.
Outlook for Fiscal 2025
Looking forward, RTL Group remains optimistic about fiscal 2025, projecting adjusted EBITA to reach approximately 780 million euros, largely driven by reduced streaming start-up losses. Revenue for 2025 is expected to climb to around 6.45 billion euros, mainly supported by substantial growth in streaming income and portfolio effects.
Advertising Revenue Expectations
The company's television advertising revenue is anticipated to grow between 2 and 3 percent in the latter half of the year.
First Half Financial Results
In the first half, net profit attributable to shareholders dropped sharply to 31 million euros from 132 million euros a year earlier. Earnings per share decreased to 0.20 euro from 0.85 euro.
Excluding Certain Items
On a basis excluding certain items, the company reported...