Strong start into the year for RTL Group
RTL Group presented its figures for the first quarter of 2024. The Group revenue was up 2.6 per cent to €1.3 billion, driven by significantly higher TV advertising and streaming revenue. The Group revenue was up 4.1 per cent organically. The streaming revenue was up 41.0 per cent.
RTL Group today presented its figures for the first quarter of 2024. Group revenue was up 2.6 per cent to €1.3 billion, driven by significantly higher TV advertising and streaming revenue, partly offset by lower content revenue due to timing. Group revenue was up 4.1 per cent organically. TV advertising revenue was up 10.0 per cent in the first three months of 2024. Continued dynamic growth of RTL Group’s streaming services: paying subscribers up 24.2 per cent year on year to 6.0 million, streaming revenue up 41.0 per cent. RTL Group’s family of TV channels in Germany with TV advertising market and audience share gains, extending the lead over ProSiebenSat1 to 8 percentage points. Full-year outlook for 2024 confirmed.
Thomas Rabe, Chief Executive Officer of RTL Group, says: “RTL Group has started strongly and in line with our expectations into 2024. We have strengthened our leading audience and advertising positions in Germany and continued the dynamic growth of our streaming business. Our first-quarter results confirm our strategy of investing through the cycle. RTL Group is looking forward to an eventful second quarter, with RTL Deutschland and Groupe M6 broadcasting Uefa Euro 2024 matches. In addition, M6+ will launch in France next week and Fremantle will deliver season two of The Responder, the new thriller series Nightsleeper and season 19 of America’s Got Talent.”
