logo
  

RTL Group Q3 Group Revenue Rises; Confirms FY21 Outlook - Quick Facts

Media company RTL Group (AUO.F) reported Thursday that its third-quarter Group revenue went up 3.9 percent from last year to 1.46 billion euros. Group revenue grew 9 percent organically.

The company generated 15.7 percent rise in TV advertising revenue, and the growth was 15.4 percent in Fremantle revenue and 25 percent in streaming revenue.

Looking ahead, RTL Group continues to expect its revenue to increase to approximately 6.5 billion euros, higher than last year's 6 billion euros.

The company still expects its Adjusted EBITA for 2021 to grow to approximately 1.05 billion euros, higher than previous year's 853 million euros.

Further, RTL Group said it plans to pay out at least 80 percent of the adjusted full-year net result, including cash capital gains.

RTL Group raised its streaming targets and now aims for 10 million paying subscribers for RTL+ and Videoland by the end of 2026 and for 1 billion euros streaming revenue by 2026.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Pentagon announced that up to $9 billion worth of cloud-computing contracts were awarded to Google, Oracle, Amazon, and Microsoft. In a statement, the U.S. Department of Defense said, "The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels..." Juul Labs, an e-cigarette maker, said it has reached settlements with more than 5,000 vaping lawsuits in the United States. The cases were related to personal injury, consumer class action, government entity, and Native American tribes. In a statement, the company said it cannot disclose the settlement amount at this time as part of the settlement and court process. Apple Inc. plans to start using American-made processors from the new advanced chip factory in Phoenix, Arizona operated by chip giant Taiwan Semiconductor Manufacturing Co., according to its Chief Executive Officer Tim Cook. At an event in the factory in Arizona, which was attended by U.S. President Joe Biden, it was also announced that TSMC will invest $40 billion in the new factory.
RELATED NEWS
Follow RTT