Connect with us

Hi, what are you looking for?

News

ProSiebenSat 1 Media SE (PBSFF) Q3 2024 Earnings Call Transcript

ProSiebenSat 1 Media SE (OTCPK:PBSFF) Q3 2024 Earnings Conference Call November 14, 2024 4:00 AM ET

Company Participants

Dirk Voigtländer – Head of Investor Relations
Martin Mildner – Member of the Executive Board & CFO

Conference Call Participants

Julien Roch – Barclay
Conor O’Shea – Kepler Cheuvreux
Nizla Naizer – Deutsche Bank

Operator

Good morning, ladies and gentlemen, and welcome to our Q3 and 9 Months 2024 Conference Call of ProSiebenSat.1 Media SE. This conference is being recorded.

Today’s call is hosted by Mr. Dirk Voigtlander. Please go ahead, sir.

Dirk Voigtländer

Good morning, ladies and gentlemen, and welcome to ProSiebenSat.1’s Q3 2024 Results Conference Call, also from my side.

Today’s conference call will be hosted by Martin Mildner, CFO of ProSiebenSat1. As always, Martin will first take you through the group’s financial and operational performance of the first 9 months. He will conclude his presentation with comments on our outlook for the full year. The presentation will be followed by a Q&A session.

With these opening remarks, I now hand over to Martin.

Martin Mildner

Thank you, Dirk. Dear ladies and gentlemen, also from my side, a warm welcome to our Q3 analyst conference.

Before we go into detail, let me give you a quick overview of our financial performance. In the first 9 months, group revenues increased by 3% to EUR 2.656 billion. This reflects a solid performance in the Entertainment segment as well as the dynamic growth of our Commerce & Ventures segment. However, in light of the demanding economic environment, entertainment advertising revenues in the DACH region declined by 6% in the third quarter. On the other hand, Commerce & Ventures segment revenue grew by 19% in the first 9 months, therefore, compensating for the 13% revenue decline of the Dating & Video segment.

Our adjusted

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

This article was written by Follow Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future...

News

America’s Car-Mart, Inc. (NASDAQ:CRMT) Q2 2025 Earnings Conference Call December 5, 2024 9:00 AM ET Company Participants Vickie Judy – CFODoug Campbell – President...

News

Genesco Inc. (NYSE:GCO) Q3 2025 Earnings Conference Call December 6, 2024 8:30 AM ET Company Participants Darryl MacQuarrie – Senior Director of FP&AMimi Vaughn...