Latest news of rtl-group

The media giant posted a 5% revenue increase, reaching €7.5 billion, while net profit rose 8% to €1.2 billion. Streaming subscriptions grew by 20%, and digital advertising revenue surged by 12%. The group's production arm, Fremantle, also saw solid performance, reporting a 10% increase in revenues.

The Group revenue was stable at €4.2 billion, as higher TV advertising and streaming revenue were offset by lower content revenue from Fremantle. Group revenue was down 1.5% organically, with continued dynamic growth of RTL Group’s streaming services.

The company reported a significant increase in its streaming subscribers, strong gains in TV advertising revenue, and a confirmation of its full-year outlook and long-term streaming targets.

Despite slight declines in Fremantle's global content business, the group signaled optimism for the projected €6.6 billion revenue for the year and continued investment in streaming and content production.

Subject to regulatory approvals and the consultation process with the respective works councils, the all-cash transaction is expected to close around mid-2024.