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RTL Group registers 4.5 million paying streaming subs

RTL Group registers 4.5 million paying streaming subs
News in brief

European broadcaster, RTL Group, reported paying subscribers for its streaming services in Germany and the Netherlands were up 48.0% to 4.5 million, with streaming revenue up 5% to to €130 million.

It reported group revenue was up 8.7% to to €3.3bn in the first half of this year and “stable” organically.

In Q2 2022, group revenue was up 6.5% to €1.7bn, but down 4.1% organically because of “slowing” TV advertising markets, particularly in Germany.

RTL Group revised its full-year outlook for 2022 due to a “challenging macroeconomic environment”, upgrading adjusted EBITA to between €1.05bn to €1.15bn including streaming start-up losses, €1.3bnand €1.4bn before streaming start-up losses.

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