RTL Group Reports Record Revenue
RTL Group has published its financials for the first six months of 2022. Total revenues increased by 8.7 percent to €3.3 billion to a new record level compared to the same period last year. Adjusted EBITA increased by 3.7 percent to € 501 million. The number of streaming subscribers increased to more than 4.5 million.
This morning, RTL Group released its interim results for January to June 2022. Group revenue is up 8.7 per cent to €3.3 billion in H1/2022 to a new record level. Adjusted EBITA is up 3.7 per cent to €501 million despite more challenging macroeconomic conditions and higher streaming start-up losses. Adjusted EBITA margin at 15.3 per cent. Group profit at €304 million, down from €929 million in H1/2021 which benefited from significant capital gains on disposals. Paying subscribers for RTL Group’s streaming services in Germany and the Netherlands up 48.0 per cent to more than 4.5 million. Streaming revenue is up 21.5 per cent to €130 million.
On the proposed merger of Groupe TF1/Groupe M6, the case team of the French competition authority concluded that the proposed transaction raises significant competition concerns. The hearings before the Board (Collège) of the French competition authority will take place in September, a decision by the authority is expected in October. On the proposed merger of Talpa Network/RTL Nederland, a decision is expected in autumn. Full-year outlook for 2022 revised, due to challenging macroeconomic environment: Adjusted EBITA of €1.05 to €1.15 billion (previous guidance: ~€1.15 billion) and streaming start-up losses of ~€250 million (‘Adjusted EBITA before streaming start-up losses’ of €1.3 to €1.4 billion (previous guidance: ~€1.4 billion)).
Statement from Thomas Rabe, Chief Executive Officer of RTL Group: „RTL Group had a solid first half of the year 2022, despite the growing economic uncertainties resulting from the war in Ukraine, increasing inflation and supply chain issues. Thanks to our investments into streaming and content and the strong performance of RTL Nederland, our first-half revenue reached a new record level of €3.3 billion. Despite significantly higher streaming start-up losses and a slowdown of the TV advertising markets since March, RTL Group generated a higher Adjusted EBITA – once again demonstrating our ability to generate strong financial results even in challenging conditions. Given the challenging macroeconomic environment and its impact on advertising markets in particular, we have decided to revise RTL Group’s outlook for the full year 2022. RTL Group now expects its Adjusted EBITA to come in at between €1.05 and €1.15 billion including streaming start-up losses and €1.3 and €1.4 billion before streaming start-up losses.“
„RTL Group continues to deliver on its targets for its growth businesses of streaming and content. Our streaming services continued to grow dynamically and passed the 4.5 million paying subscriber mark. In the second half of 2022, we will expand RTL+ to become a cross-media entertainment service. Our content business is also accelerating, with five acquisitions and step-ups in the past six months, major talent deals and 30 planned films for 2022. We have also made significant progress in executing our strategy to establish national cross-media champions. The integration of RTL Deutschland and Gruner + Jahr is progressing according to plan, and we sold RTL Belgium and RTL Croatia. We expect the competition authorities in France and the Netherlands to decide on the proposed combinations of both Groupe TF1 and Groupe M6, and Talpa Network and RTL Nederland in autumn. We remain convinced that market consolidation is necessary to compete with the global tech platforms,” says Rabe.
For more information please refer attached RTL Group press release.
Contact
Oliver Fahlbusch
RTL Group, Executive Vice President Communications & Investor Relations, Chairman Corporate Responsibility
