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 mentioned its income of €4 billion ($4.9B) topped expectations regardless of the tumult of the coronavirus pandemic.
Business broadcasters got here beneath explicit stress final 12 months after the promoting market collapsed, however ProSiebenSat.1 — which owns the Love Is Blind manufacturing group Purple Arrow Studios — mentioned its income was forward of its €3.85B goal. It added that its unaudited EBITDA of €700 million can also 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 mentioned.
Audited earnings shall be printed on March 4.