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German Giant ProSiebenSat.1 Sees Q1 Profits Rise To $77.7M

ProSiebenSat.1 Media has kicked the financial year off in a positive way after posting first quarter earnings up 35%.

The Unterföhring-based TV and streaming giant made Q1 earnings before interest, tax, depreciation and amortization of €72M ($77.7M), a significant boost on the start of the company’s wretched 2023. The company said this was in spite of higher program expenses.

Revenues grew 6% to €867M, with advertising revenues continuing to recover. As such, revenues in the German-speaking region of Europe grew 5%.

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