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.