ProSiebenSat.1 Media SE’s Post

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Today, we published our #P7S1Results for the second quarter and the first half of 2023: Our #Q2 key figures at a glance: ▶ Group revenues decreased to EUR 868 million (previous year: EUR 1,043 million). ▶ Due to the ongoing economic weakness, TV advertising revenues were still influenced by consumer restraints. ▶ Growth in digital & smart advertising revenues continued, driven especially by #Joyn and the audio business. ▶ Group earnings were mainly impacted by the lower profitability of our high-margin advertising business with Group adjusted EBITDA as expected at EUR 79 million. ▶ Full-year outlook confirmed: #P7S1 expects an improved economic development in the second half of the year compared to the previous year. ▶ Strong focus on cost efficiency: We aim to create processes clearly aligned to our digital transformation, a competitive cost base and headroom for strategically important investments. Read more in our press release on our website: pro7.de/35w

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