ProSiebenSat.1 Media SE : Like its peers, a slightly tougher Q4 than expected for advertising
>Like its peers, the Q4 advertising trend is tougher than expected - Pro7Sat1 reported yesterday its Q3 earnings and held a conference call immediately afterwards. Q3 adjusted EBITDA was slightly above forecasts at € 104m (consensus at € 102m and ODDO BHF at € 99m). Like all its European peers, Pro7Sat1 cited a Q3 advertising trend that is tougher than expected. Our Q4 forecasts are therefore lowered, leading to 2024 EBITDA cut to € 565m vs € 600m. We nonetheless reit...ProSiebenSat.1 Media is a holding company engaged as a media corporations in Europe, with TV stations in Germany, Austria and Switzerland. Co.'s core business consists of free TV financed by advertising. Co. also owns an international production network along with digital and ventures portfolio. In addition, Co. is engaged as online seller of video content on the internet. Also, Co. is involved in the online games business and operates an e-commerce portfolio. Through its Red Arrow Entertainment Group, Co. produces international TV programs and sells them to TV stations worldwide. Co. has three segments: Broadcasting German-speaking, Digital & Adjacent and Content Production & Global Sales.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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