International TV Co-Editor
Results Q2 2022 Media Q&A
"Measures to increase efficiency are paying off," German giant ProSiebenSat.1 said today, as second-quarter profit rose 14% to €91 million ($100 million) and revenue grew slightly.
The TV and streaming group, which recently survived a boardroom battle, said its growth targets for the end of 2024 remain in place after a difficult past 12 months.
ProSieben, owner of channel groups, streamer Joyn and production companies, saw revenues rise 5% in Q2 to €907M, bringing half-year revenues to €1.77B. Revenues in the entertainment segment rose slightly to €612M.
