Even if Q3 revenues were in line with expectations with still a 6% decline in TV advertisng, EBITDA was better than expected. The group generates, however, about 45% of its full-year EBITDA in Q4 and the reinstated guidance shows EBITDA could decline by c.10% in Q4.
The group is not out of the woods. The current growth trend of its advertising revenues is indeed still slightly negative, even if we do not take account the COVID-19 impacts.
05 Nov 2020
A 6% decline in TV advertising (probably a 3% one in Q4)
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A 6% decline in TV advertising (probably a 3% one in Q4)
ProSiebenSat.1 Media SE (PSM:SWX), 0 | ProSiebenSat.1 Media SE (PSM:WBO), 0 | ProSiebenSat.1 Media SE (0QG9:LON), 0 | ProSiebenSat.1 Media SE (PBSFF:OTC), 0 | ProSiebenSat.1 Media SE (PRO7:LUX), 0 | ProSiebenSat.1 Media SE (PSM:ETR), 0 | ProSiebenSat.1 Media SE (1PSM:MIL), 0
- Published:
05 Nov 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
Even if Q3 revenues were in line with expectations with still a 6% decline in TV advertisng, EBITDA was better than expected. The group generates, however, about 45% of its full-year EBITDA in Q4 and the reinstated guidance shows EBITDA could decline by c.10% in Q4.
The group is not out of the woods. The current growth trend of its advertising revenues is indeed still slightly negative, even if we do not take account the COVID-19 impacts.