Fremantle Half-Year Revenues Down $55M As $3.3B Target Draws Closer; RTL Group Broadly Flat Overall
deadline.comFremantle‘s target to make €3B ($3.3B) in revenue every year by 2026 still has some way to go, as Poor Things and Got Talent company posted half-year turnover down €50M.
The RTL-owned production and sales group made €957M in the first six months of 2024, down from €1.07B in the comparable period a year earlier.
The company is predicting slightly higher full-year revenues, which last year came in at €2.3B, and will push towards the total through organic and M&A growth, maintaining gross margins, and reducing overheads.
Adjusted EBITA was basically flat, down 3% at €35M. The plan is to increase adjusted EBITA margins by 9% by 2026. Luxembourg-based RTL put the revenue fall down to “market developments and phasing effects,” which were partially offset by consolidating new acquisition Asacha Media Group’s revenues since March.
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