European TV Giant RTL Posts Record $1.6B Profit, Revenue Gain Amid Streaming Growth, Ad Rebound

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European TV Giant RTL Posts Record $1.6B Profit, Revenue Gain Amid Streaming Growth, Ad Rebound
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The company says its production division, Fremantle, will top $3.3 billion in revenue by 2025.

The result was more than double the €625 million profit from a year earlier and points to a healthy bounce-back for the group, which is investing heavily in its regional operations to compete with fast-expanding global streaming companies.

Full-year group revenue jumped 10.3 percent to €6.6 billion . RTL’s streaming business saw strong growth, with German and Dutch platforms RTL+ and Videoland hitting a total of 3.8 million paying subscribers, the company said. Streaming revenue soared 31.2 percent, but streaming start-up losses increased from €55 million in 2020 to €166 million in the latest year.

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