ProSiebenSat.1 Media: Q4 2023 Earnings Soar Beyond Expectations, 2024 Outlook Defined

• ProSiebenSat.1 Group recorded a higher than expected increase in earnings in Q4 2023, with an adjusted EBITDA of around EUR 335 million, an 11% increase compared to Q4 2022.
• The significant increase in adjusted EBITDA is due to positive business development and various smaller and non-recurring earnings effects.
• For the full year 2023, the Group generated an adjusted EBITDA of around EUR 578 million, with revenues of around EUR 3.85 billion.
• The Group's net financial debt decreased significantly to around EUR 1.546 billion in Q4 2023.
• For the financial year 2024, ProSiebenSat.1 Group expects an increased adjusted EBITDA of around EUR 575 million, reflecting an increase in programming investments and a slight increase in consolidated revenues.
• ProSiebenSat.1 will publish its full financial outlook for the financial year 2024 on March 7, 2024, and its audited figures for the financial year 2023.

The next important date, Publication of the annual report for the fiscal year 2023, at ProSiebenSat.1 Media is on 07.03.2024.

The price of ProSiebenSat.1 Media at the time of the news was 5,9380EUR and was up +4,51 % compared with the previous day.
13 minutes after the article was published, the price was 6,0020EUR this corresponds to a plus of +1,08 % since publication.
At this time, the index SDAX was at 13.677,69PKT (-1,22 %).

ProSiebenSat.1 Media

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-76,77 %

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ISIN:DE000PSM7770WKN:PSM777

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