Report
Jerôme Bodin

ProSiebenSat.1 Media SE : Une tendance difficile au T3 et la visibilité reste faible

>La tendance reste difficile mais la valorisation est toujours très basse - Nous faisons un point sur nos attentes pour le T3 pour Pro7Sat1. Nous révisons en baisse nos attentes de CA publicitaire TV à -8% contre -5% précédemment (mais +10%e en digital) et un EBITDA ajusté T3 pour le groupe de 124 M€. Le T4 pourrait s’annoncer un peu mieux mais toujours négatif. Nos attentes 2022 et 2023 sont ajustées afin de tenir compte de la consolidation de Joyn (dont 50% seront a...
Underlying
ProSiebenSat.1 Media SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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