RTL Group Q1 Revenue Climbs; Confirms FY22 Outlook - Quick Facts

Media company RTL Group (AUO.F) reported Friday that its first-quarter Group revenue climbed 11.3 percent to 1.56 billion euros from last year's 1.40 billion euros last year.

Revenues were driven by growth across TV advertising, content and streaming, partly driven by scope effects.

Group revenue went up 4.4 percent organically.

In the quarter, TV advertising revenue grew 11.2 percent, Fremantle revenue increased 6.5 percent, and streaming revenue went up 23.1 percent.

Paying subscribers for RTL Group's streaming services RTL+ and Videoland went up 58.2 percent to 4.3 million.

Looking ahead for fiscal 2022, RTL Group continues to expect its revenue to increase by 11 to 12 percent to around 7.4 billion euros. This includes organic growth of approximately 5 to 6 percent.

Adjusted EBITA is still expected to be stable at approximately 1.15 billion euros, and adjusted EBITA before streaming start-up losses to increase to approximately 1.4 billion euros., up from last year's 1.32 billion euros.

RTL Group maintained its dividend policy. The company plans to pay out at least 80 percent of the adjusted full-year net result.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Nestle Purina PetCare Co. has recalled a limited amount of certain prescription wet dog food citing labeling error, the U.S. Food and Drug Administration said. The recall involves Purina Pro Plan Veterinary Diets EN Gastroenteric Low Fat or PPVD EN Low Fat wet dog food that comes in 13.4 oz cans. Exportadora Copramar is recalling 1260 cases of James Farm frozen raspberries citing potential to be contaminated with Hepatitis A, the U.S. Food and Drug Administration said. The recall involves James Farm branded frozen raspberries identified by UPC Code: 76069501010 and Lot Code - 22-165. American Honda Motor Co, Inc. has recalled about 2,900 units of 2022 model year Honda TRX90X All-Terrain Vehicles (ATVs) sold in the United States for possible crash and injury hazard, according to a statement issued by the U.S. Consumer Product Safety Commission or CPSC.
Follow RTT