Germany · Delayed Price · Currency is EUR RTL Group Earnings Call Transcripts
Fiscal Year 2026
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Transformation strategy delivered strong results, with revenue up 3.9% and adjusted EBITA up 49% year-over-year, driven by streaming and the Sky Deutschland acquisition. Streaming is now a key profit engine, and full-year guidance is confirmed despite ongoing advertising market challenges.
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Revenue grew 3.9% to EUR 2.9 billion, driven by Sky Deutschland and streaming, with Adjusted EBITA up to EUR 239 million. Streaming is now a high-margin, high-growth segment, and full-year guidance for Adjusted EBITA is confirmed at EUR 725 million.
Fiscal Year 2025
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2025 saw revenue and EBITA declines due to weak TV ad markets, but streaming growth and the RTL Nederland sale boosted profit and enabled a high dividend. 2026 guidance anticipates streaming profitability, higher EBITDA, and continued cost discipline.
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Streaming revenue and subscribers grew strongly, offsetting declines in TV ad and content revenue. The sale of RTL Nederland and the planned Sky Deutschland acquisition are set to transform the business, with full-year profit boosted by one-off gains and a robust dividend outlook.
Fiscal Year 2024
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Solid 2024 results with stable revenue and strong streaming growth offsetting weak TV ad markets. Adjusted EBITDA met guidance, Fremantle delivered record margins, and RTL+ is on track for profitability by 2026. Dividend of €2.50/share proposed, with further upside from RTL Nederland sale.
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Revenue grew 2% to EUR 2.9 billion in H1 2024, led by strong streaming and TV ad growth, while adjusted EBITDA dipped due to higher sports costs. Full-year guidance is reaffirmed, with a positive outlook for streaming and Fremantle, and the RTL Nederland sale expected to close by year-end.