ProSieben lifts outlook as entertainment, e-commerce bolster first quarter

ProSieben lifts outlook as entertainment, e-commerce bolster first quarter - Copyright (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html

By Reuters

Published on 12/05/2021 - 08:30•Updated 19/04/2024 - 21:29

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BERLIN (Reuters) - German broadcaster Prosiebensat.1 Media raised its outlook for revenue and profit this year, as its strategy of diversifying away from relying on television advertising helped it eke out top-line growth.

Revenue growth of 1% and a 9% decline in core profit in the first quarter both slightly beat market expectations, lifted by strength in ProSieben's television productions and sales, and in its dating and e-commerce divisions.