Germany’s ProSiebenSat.1 Group Revenues and Profits Plunge as TV Advertising Revenues Decline ...Middle East

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Germany’s ProSiebenSat.1 Group Revenues and Profits Plunge as TV Advertising Revenues Decline
source : Variety ( Middle East ) () 32
Declining TV advertising revenues in the German-speaking region have contributed to revenues and profits plunging at media giant ProSiebenSat.1. Quarterly results published on Thursday reveal that the group’s revenues declined from €1.04 billion ($1.14 billion) in 2022 to €868 million ($950 million) this year. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) declined by […]

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