ProSiebenSat.1 Says 2020 Income Of $4.9B Tops Expectations Amid Covid – Deadline

ProSiebenSat.1 has taken the bizarre step of offering some perception on its fourth-quarter earnings earlier than the financials have been audited. And it’s excellent news for the German broadcasting big, which stated its income of €4 billion ($4.9B) topped expectations regardless of the tumult of the coronavirus pandemic.

Business broadcasters got here below explicit stress final 12 months after the promoting market collapsed, however ProSiebenSat.1 — which owns the Love Is Blind manufacturing group Pink Arrow Studios — stated its income was forward of its €3.85B goal. It added that its unaudited EBITDA of €700 million can be forward of predictions of €600-650M.

“The noticeably higher than anticipated enterprise growth is because of a robust efficiency within the fourth quarter to which all segments of ProSiebenSat.1 Group contributed. Key driver was particularly the expansion within the Group’s promoting enterprise within the low-single-digit proportion vary,” ProSiebenSat.1 stated.

Audited earnings might be printed on March 4.