RTL Group Reports $1.4 Billion in Q1 Revenues Despite Fremantle Setback
Despite a dip in Fremantle's revenues, RTL Group sees overall growth fueled by strong TV and streaming sectors.
- Fremantle's revenues fell by 9.2% in Q1 2024, attributed to delayed show launches in key markets.
- RTL's total advertising revenue increased by 10.1%, with significant gains in TV and digital advertising.
- Streaming services at RTL saw a 24% rise in subscribers, contributing to a 41% increase in streaming revenue.
- RTL Group projects a revenue increase to €6.6 billion for 2024, driven by streaming and market acquisitions.
- Future plans include broadcasting UEFA Euro 2024 and launching new series, boosting content offerings.