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Ramachandran Germany Germany Netflix Covid-19 show record Ramachandran Germany Germany

Germany’s ProSiebenSat.1 Group Beats COVID-19 to Post Profits

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variety.com
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Naman Ramachandran German broadcaster ProSiebenSat.1 Group overcame a coronavirus-marred spring quarter to record a 13% boost in profits in the third quarter of 2020.The earnings before interest, taxes, depreciation, and amortization (EBITDA) of €149 million ($175 million) was 13% more than the comparative period last year, according to results declared by the group on Thursday.

Group revenues of €921 million ($1.08 billion) are at the same levels as last year.Assuming that there are no further restrictions in Germany beyond the partial lockdown introduced at the end of October, the group is targeting revenues of approximately €3.85 billion ($4.52 billion) for the full year, with an EBITDA of €650 million ($763 million).

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