ProSiebenSat.1 has taken the unusual step of providing some insight on its fourth-quarter earnings before the financials have been audited.
And it’s good news for the German broadcasting giant, which said its revenue of €4 billion ($4.9B) topped expectations despite the tumult of the coronavirus pandemic.Commercial broadcasters came under particular pressure last year after the advertising market collapsed, but ProSiebenSat.1 — which owns the Love Is Blind production group Red Arrow Studios — said its revenue was ahead of its €3.85B target.
It added that its unaudited EBITDA of €700 million is also ahead of predictions of €600-650M.“The noticeably better than expected business development is due to a strong performance in the fourth quarter
Read more on deadline.com
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