Bertelsmann’s Luxembourg-based media giant RTL Group, which owns Fremantle, has climbed 8.8% to a record €7.2 billion ($7.6 billion) for the financial year 2022. However, the company’s EBITA …
However, the company’s EBITA slid 6% to €1.08 billion, down from €1.15 billion in 2021. RTL attributes this to higher streaming start-up losses and lower TV advertising revenue at RTL Deutschland, the scope exit of RTL Belgium and Groupe M6. These effects were partly offset by record adjusted EBITA contributions from RTL Nederland and Fremantle, RTL said.
Fremantle revenue was up 21.9% to €2.3 billion, up from 2021’s €1.9 billion. RTL’s stated ambition to build Fremantle into a €3 billion company by 2025 remains. Streaming revenue – which includes SVOD, TVOD, in-stream and distribution revenue from RTL+ in Germany and Hungary and Videoland/RTL XL in the Netherlands – was up by 19.7%, to €267 million , thanks to the rapidly growing number of paying subscribers.
RTL’s advertising revenue was €3.72 billion , of which €2.9 billion represented TV advertising revenue , €385 million represented digital advertising revenue and €192 million represented radio advertising revenue . The group has set ambitious streaming targets for 2026, planning to hit 10 million paying subscribers, increasing revenue to €1 billion and content spend from €304 million to €600 million.
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