RTL Group and Fremantle Face Revenue Declines Amid Weak TV Ad Sales
Despite a challenging year, the media giant remains optimistic with strong streaming growth and strategic acquisitions.
- RTL Group, owning Fremantle, reports a revenue decline to €6.2 billion, attributing it to weaker TV ad sales and lower Fremantle revenue.
- Fremantle, celebrated for producing 'Poor Things', faces a revenue dip but remains optimistic about reaching a €3 billion target by 2025/26.
- RTL Group's streaming services in Germany, France, and Hungary see a 72.6% revenue increase, with plans to reach 9 million subscribers by 2026.
- Fremantle's distribution revenue remains stable at €331 million, amidst a challenging advertising market.
- RTL Group forecasts a revenue rebound to €6.6 billion in 2024, driven by streaming growth and Fremantle acquisitions.