Report
Jerôme Bodin

RTL Group : A challenging advertising trend at the start of Q3 due to the Olympic Games

>Neutral rating confirmed - RTL Group reported last Friday its H1 2024 results a shade below our expectations with EBITA of € 172m (vs € 180m forecast by ODDO BHF and the consensus). The main difference with our expectations stems from higher-than-expected programming costs, particularly following the broadcasting of Euro 2024 matches in France and Germany. The group broadcast 11 Euro 2024 matches in June. Advertising revenues rose by 0.2%, below our expectations, des...
Underlying
RTL Group S.A.

RTL Group is a holding company. Co. through its subsidiaries is engaged in the operation of television and radio broadcasting services, television content production and distribution. Co. has interests in 40 television channels and 33 radio stations in 11 countries. Co. is involved in television content production, such as talent and game shows, drama and daily soap operas, through its subsidiary, FremantleMedia. Co. also provides services in the digital entertainment environment, including online games, community and dating services, as well as user-generated content exchange platforms.

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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