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RTL Group Reports Streaming Growth, Fremantle Profit Surge, and Stable 2024 Results

The media conglomerate's streaming division nears profitability with strong subscriber growth, while Fremantle posts record profits despite revenue challenges.

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Overview

  • RTL's streaming division saw a 21% rise in subscribers in 2024, reaching 6.8 million, and a 42% increase in revenue to €403 million, signaling progress toward profitability by 2026.
  • Fremantle, RTL's content production arm, achieved record adjusted EBITA growth of 23%, driven by acquisitions like Asacha Media Group and Beach House Pictures, despite an 8% revenue decline.
  • The €3 billion revenue target for Fremantle has been delayed to an unspecified 'mid-term' timeframe, reflecting ongoing market challenges in content production.
  • RTL's free TV business in Germany experienced a decline in audience share to 26.3% in its key demographic and flat advertising revenue of €2.35 billion.
  • Overall, RTL Group maintained stable revenue of €6.3 billion in 2024, with group profit slightly down to €555 million, and expects to finalize the €1.1 billion sale of RTL Nederland in Q2 2025.