ProSiebenSat.1 Media SE : What to expect from Q3 2023?
>Outperform rating maintained - This note provides an update on our expectations for Q3 for Pro7Sat1. We see a sequential improvement in advertising revenues although it is set to remain negative in Germany (-3% including digital). We think that September may have been slightly better than anticipated, as seen right across Europe. We still believe that Q4 is set to show growth, particularly given favourable comps. We expect EBITDA to be broadly unchanged in the contex...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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