Naman Ramachandran Revenues at Bertelsmann’s Luxembourg-based RTL Group, a media giant which owns Fremantle, climbed 9% to a record €7.2 billion ($7.6 billion) for the financial year 2022.
However, the company’s EBITA (earnings before interest, taxes and amortization) slid 6% to €1.08 billion, down from €1.15 billion in 2021.
RTL attributes this to higher streaming start-up losses and lower TV advertising revenue at RTL Deutschland, and the exits of RTL Belgium and Groupe M6.
These effects were partly offset by record adjusted EBITA contributions from RTL Nederland and Fremantle, RTL said. The RTL Group has interests in 56 television channels, nine streaming services and 36 radio stations.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.