Prosiebensat.1 Media Se · XETR:PSM
Prosiebensat.1 Media — Investor Presentation (November 2024)
70 slides from Prosiebensat.1 Media's investor presentation, November 2024
Slide 1: Company presentation
Company presentation © Seven.One / Nadine Rupp
Slide 2: Agenda
AGENDA 01 WHO WE ARE O5 ESG 02 STRATEGY O06 SHARE 03. FINANCIALS / OUTLOOK O7 APPENDIX 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE
Slide 3: ProSiebenSat.1 at a glance
PROSIEBENSAT.1 AT A GLANCE Prosiebensat.1 group revenues: 3,937m +3% Revenues reported; LTM Q3 2024; in EUR; growth in % ENTERTAINMENT | 2,602m +1% TV ADVERTISING DACH 1,536M -2% Non-Core Assets (Non-Advertising only) ADVERTISING DACH DIGITAL & SMART COMMERCE & VENTURES | 944m +17% 312M +8% CONSUMER
Slide 4: Agenda
AGENDA 01 WHO WE ARE O5 ESG ( 02 STRATEGY ) O06 SHARE 03. FINANCIALS / OUTLOOK O7 APPENDIX 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE
Slide 5: We have what it takes to reach millions of people every day
WE HAVE WHAT IT TAKES … ~60m ~283m Average monthly visits on TV viewers watching our commerce P7S1 channels platforms3) per month1) ~7m ~9bn Minutes video Monthly video users viewtime on Joyn2) on Joyn2) >360m >8bn Video minutes per month7) Total video views by Studio71 on YouTube4) 32 Digital enter
Slide 6: We have a great set of assets, capabilities and strengths to build upon
WE HAVE A GREAT SET OF ASSETS, CAPABILITIES AND STRENGTHS TO BUILD UPON Great Entertainment Our digital platform Joyn Market-leading portfolio which offering huge opportunities smart advertising we can build upon for digital expansion products Differentiating content already 15 TV Large reaching all
Slide 7: Our strategic direction is clearly set out
OUR STRATEGIC DIRECTION IS CLEARLY SET OUT 01 Rigorously put consumers first in all we do 02 Strengthen our leadership position in the German-speaking Entertainment market 03 Maximize consumers’ time spend across all media offers and become even more attractive in the digital environment 04 Continue
Slide 8: Our way forward in Entertainment – maximize video view time
OUR WAY FORWARD IN ENTERTAINMENT – WE WILL MAXIMIZE VIDEO VIEW TIME ACROSS ALL PLATFORMS JOYN AS CENTRAL DIGITAL HUB Interactive features & shopping Local content & own IP “FAST channels”1) Content partnerships VIDEO VIEW TIME Creator-led content boosted Inhouse news Multi-platform windowing 1) Spec
Slide 9: Positioning Joyn as the #1 freely accessible household entertainment brand
WE ARE POSITIONING JOYN AS THE #1 FREELY ACCESSIBLE HOUSEHOLD ENTERTAINMENT AND LIFESTYLE BRAND IN DACH FOR THE ENTIRE FAMILY EXPAND TALENTS ENHANCE TV STRENGTHEN LIVE TV, & LIVE EVENTS & LIBRARY NEWS & SPORTS • New target group for growth • Expand Joyn originals releases • Aggregation of partners’
Slide 10: Our windowing approach across linear and digital channels
OUR WINDOWING APPROACH GOING FORWARD HEAVILY RELIES ON USAGE OF CONTENT ACROSS ALL OUR LINEAR AND DIGITAL CHANNELS LINEAR DIGITAL DIGITAL Free & Pay TV AVoD SVoD Features First Run & Library Series First Run & Library Factual Content Kids Content 10
Slide 11: With Joyn in our center, we focus on digital transformation
WITH JOYN IN OUR CENTER, WE WILL STRONGLY FOCUS ON DIGITAL TRANSFORMATION ran.de We position Joyn at the center of our Entertainment universe TV Social channels Media Consequently, we strongly focus on digitization and predominantly grow via digital consumption We leverage all other ProSiebenSat.1 p
Slide 12: We will continue to diversify monetization
WE WILL CONTINUE TO DIVERSIFY MONETIZATION CLASSIC TV ADVANCED TV DIRECT-TO- • Linear TV advertising • Addressable TV CONSUMER • Distribution • Total Video based on CFlight2) • Entertainment X Commerce, • M4E and M4R1) • Advanced targeting e.g., shoppable ads • Programmatic TV • (Live) interaction L
Slide 13: Accelerate digital expansion and return to mid-term organic growth
WE WILL ACCELERATE DIGITAL EXPANSION AND RETURN TO MID-TERM ORGANIC GROWTH BY INCREASINGLY CAPTURING ATTRACTIVE GROWTH MARKETS ENTERTAINMENT REVENUES EXEMPLARY FOCUS MARKETS Illustrative view CAGR ’23-’28 In-stream video advertising1) +11% Digital assets incl. streaming, D2C, … Podcast advertising2)
Slide 14: Commerce & Ventures highly synergistic with Entertainment core
COMMERCE & VENTURES HIGHLY SYNERGISTIC WITH OUR ENTERTAINMENT CORE – IDLE INVENTORY AS GLUE ~EUR 450M ~EUR 1BN Capital invested of disposed assets1) Disposal proceeds1) MINORITY INVESTMENTS MAJORITY INVESTMENTS IDLE Monetization of idle ad inventory through M4E/M4R2) ADVERTISING Operationally improv
Slide 15: Dating & Video business result of successful media investment
DATING & VIDEO BUSINESS IS THE RESULT OF A SUCCESSFUL MEDIA INVESTMENT – IN 2024, WE ARE FOCUSING ON OPERATIONAL IMPROVEMENT OF THE BUSINESS ~3/4 of revenues generated outside DACH in FY 2023 START IN 2012 TODAY WAY FORWARD From a minority investment … To A Majority Shareholding Of A … Into a next d
Slide 16: Agenda: Financials / Outlook
AGENDA 03 FINANCIALS / OUTLOOK 16
Slide 17: Stable organic group revenue development in Q3 2024
STABLE ORGANIC GROUP REVENUE DEVELOPMENT IN Q3 2024 – FIRST NINE MONTHS 2024 UP BY 4 PERCENT COMMENTS • Group revenues remained stable in Q3 REVENUES, EARNINGS AND CASH FLOW KPIS [IN EUR M] 2024 on organic basis but declined slightly by 1% on reported basis. Economic uncertainty and consumer restrai
Slide 18: Digital & Smart advertising and distribution main Entertainment growth drivers
DIGITAL & SMART ADVERTISING AND DISTRIBUTION MAIN ENTERTAINMENT REVENUE GROWTH DRIVERS COMMENTS • Entertainment revenues decreased by 3% ENTERTAINMENT EXTERNAL REVENUES AND ADJ. EBITDA [IN EUR M] in Q3 2024 on both reported and portfolio and currency-adjusted basis. For the nine- month period, reven
Slide 19: Commerce & Ventures continues strong revenue and earnings growth
COMMERCE & VENTURES CONTINUES STRONG REVENUE AND EARNINGS GROWTH IN Q3 2024 COMMENTS • Commerce & Ventures segment recorded COMMERCE & VENTURES EXTERNAL REVENUES AND ADJ. EBITDA [IN EUR M] again very dynamic revenue growth of 20% in Q3 2024 and 19% in 9M 2024. On portfolio and currency-adjusted basi
Slide 20: Dating & Video segment still in decline in Q3 2024
DATING & VIDEO SEGMENT STILL IN DECLINE IN Q3 2024 DUE TO COMPETITIVE ENVIRONMENT COMMENTS • In Q3 2024, ParshipMeet Group recorded a DATING & VIDEO EXTERNAL REVENUES AND ADJ. EBITDA [IN EUR M] revenue decline of 21%, with both the Dating and the Video segments declining by 21% and 20%, respectively
Slide 21: Financial leverage improved from 3.3x to 2.7x
FINANCIAL LEVERAGE IMPROVED SIGNIFICANTLY FROM 3.3X TO 2.7X COMPARED TO END OF PRIOR YEAR’S THIRD QUARTER NET FINANCIAL DEBT IN EUR M DEBT MATURITY PROFILE IN EUR M -166 SSD2) 2016 SSD2) 2021 Term Loan RCF3) 1,153 3.3x1) 2.7x1) 2.7x1) 1,775 1,546 1,609 500 (undrawn) 346 226 225 80 48 47 09/30/2023 1
Slide 22: FY 2024 outlook assumptions
WE REFLECT CURRENT MARKET ENVIRONMENT IN OUR ASSUMPTIONS FOR THE FY 2024 OUTLOOK FY 2023 FY 2024 TARGET COMMENT EUR 3,852m • Group currently expects Entertainment Advertising DACH revenues to decline low-single digit percent in FY 2024 (adjusted for Group ~EUR 3.95bn • Entertainment Advertising DACH
Slide 23: Agenda: Segment deep dives
AGENDA 04 SEGMENT DEEP DIVES 23
Slide 24: Entertainment
entertainment
Slide 25: Entertainment: content, reach, monetization
ENTERTAINMENT CONTENT REACH MONETIZATION Optimization of content and playout More focus on expanding digital Addressing new budgets and new businesses reach and digitization of TV 1) • We can only win the competition in attracting • We distribute our content across various • We market the Group‘s en
Slide 26: Solid recovery of TV ad spend in most industries in Q3 2024
SOLID RECOVERY OF TV AD SPEND IN MOST INDUSTRIES IN Q3 2024 TOP 15 TV ADVERTISING INDUSTRIES Q3/9M 2024, GROSS AD SPEND1) IN EUR M, YOY CHANGE IN +/-% Q3 2024 SPEND vs. PY 9M 2024 SPEND vs. PY Food 537 +23% Cosmetics + Toiletries 1,541 +20% Cosmetics + Toiletries 533 +7% Food 1,489 +26% Retail 323 +
Slide 27: German GDP stagnating, burdening TV advertising market
GERMAN GDP HAS BEEN STAGNATING FOR MORE THAN TWO YEARS BURDENING GERMAN TV ADVERTISING MARKET DEVELOPMENT GERMAN REAL GDP, % CHANGE YEAR-ON-YEAR TV NET ADVERTISING MARKET DEVELOPMENT (INDEXED) 3.7 125 120 115 1.4 1.0 110 25%pts 105 -0.1 100 -0.3 95 90 14%pts 85 80 -4.1 75 2019 2020 2021 2022 2023 20
Slide 28: Digital advertising continues to grow strongly
DIGITAL ADVERTISING CONTINUES TO GROW STRONGLY UNDERLINING OUR DIGITAL FIRST APPROACH WITH RESILIENT TV ADVERTISING AS CORE BUSINESS GERMAN NET AD MARKET – LONG-TERM DEVELOPMENT in EUR bn COMMENTS TV 2020-2021 2022-24 COVID-19 War in Ukraine • TV ad market reached its peak in 2000 and even though it
Slide 29: TV advertising trend partly compensated by Digital & Smart growth
TV ADVERTISING TREND PARTLY COMPENSATED BY GROWTH IN DIGITAL & SMART ADVERTISING REVENUES ENTERTAINMENT TV ADVERTISING ENTERTAINMENT DIGITAL & SMART REVENUES [IN EUR M] -4% ADVERTISING REVENUES [IN EUR M] +7% CAGR CAGR Digital & Smart Advertising Revenues (Rest of World) Digital & Smart Advertising
Slide 30: Strong market positions in German TV advertising and audience market
PROSIEBENSAT.1 HAS STRONG MARKET POSITIONS IN THE GERMAN TV ADVERTISING AND AUDIENCE MARKET BASED ON LARGE LOCAL CONTENT FOOTPRINT Market share LOCAL HIGHLIGHTS Nielsen Gross advertising Audience Share Talk of town: Lighthouse formats like Germany’s Next revenue share, Q3 20241) A 20-59, Q3 20242) T
Slide 31: Positive trend in audience share since EURO 2024
POSITIVE TREND IN AUDIENCE SHARE DEVELOPMENT SINCE EURO 2024 Full Day Audience Share A 20-59, in % Positive audience share trend in Q3 after strong 20.8 21.5 sports events UEFA European Football 18.6 19.0 Championship and Summer Olympic Games Paris. Local & live initiative with increasing freshness
Slide 32: Selection of Q3/Q4 TV prime time & streaming highlights
SELECTION OF Q3/Q4 TV PRIME TIME & STREAMING HIGHLIGHTS Q3 Q4 Hochzeit auf den ersten Das große Backen 99 - Wer schlägt sie alle? The Voice of Germany Das 1% Quiz Blick Promi Big Brother The Taste PRIME TIME Q3 Q4 Die besten Comedians Joko & Klaas gegen Ran SAT.1 Bundesliga Deutschlands TV Total - A
Slide 33: Bundesliga performance and monetization ecosystem
STRONG BUNDESLIGA PERFORMANCE AND MONETIZATION ECOSYSTEM Recap 2023/2024 Outlook 2024/2025 Up to 30.1% market share Total of 10 live games incl. and 13m viewers per game1), DFL Super Cup and UEFA total of 8.8m video views2) Super Cup (Aug 2024) Digital extensions Sales BUNDESLIGA • Content hubs on r
Slide 34: Another quarter of double-digit growth for Joyn
ANOTHER QUARTER OF DOUBLE-DIGIT PERCENT GROWTH FOR JOYN 6.78m 9.0bn +15% Monthly Video Minutes Video Joyn AVOD Users Q3 20241) Viewtime Q3 20241) Revenues Q3 2024 vs. PY2) +62% vs. PY +44% vs. PY Development Monthly Video Users in m +62% 7.1 6.8 6.3 6.5 4.8 4.6 4.5 4.1 4.2 3.6 Q2 2022 Q3 2022 Q4 202
Slide 35: Strong growth in HD penetration drives distribution business
STRONG GROWTH IN HD PENETRATION ON ALL PLATFORMS CONTINUES TO DRIVE DISTRIBUTION BUSINESS – ESPECIALLY ON IPTV/OTT PLATFORMS HD FREE-TO-AIR DISTRIBUTION IN M1) 36m TV households in Germany2) NEW JOYN +16% FTA DISTRIBUTION ON SATELLITE, DISTRIBUTION CAGR 13.7 CABLE, IPTV AND OTT/MOBILE DEAL Pre-insta
Slide 36: Joyn – DACH's comprehensive streaming app
JOYN - DACH’S COMPREHENSIVE AND USER-FRIENDLY STREAMING APP Live TV FREE • more than 90 Live TV and FAST channels in Germany, more than 60 in Austria and more than 70 in Switzerland • Live – Sport – Events • free access as a key competitive advantage over all other TV apps FREE Video on Demand • mor
Slide 37: Joyn content strategy: scaling up genre verticals
JOYN CONTENT STRATEGY: SCALING UP GENRE VERTICALS OVER THE NEXT YEARS WITH CONTENT COVERAGE OF ORIGINAL, HYBRID & LICENSE CONTENT SUPPLY 2024 2025 COMEDY REALITY ADVENTURE FOOD Local content: Local content: Local content: show, fiction, daily, show, brand Local content: show, brand brand extension,
Slide 38: Joyn users: young, high-income target group
JOYN USERS: A YOUNG AND AT THE SAME TIME HIGH- INCOME TARGET GROUP Core Target Group 44% 11% 33% 19 – 49 yrs. Gender 55% 45% female Male Houshold Net 65% 20% 15% Income >EUR 3,000 Device Usage 57% 24% 19% Big Screen VoD vs. Live TV 42% 58% Source: Joyn intern for device usage and VoD vs. Live TV; AG
Slide 39: Advanced TV product portfolio
OUR COMPLEMENTARY ADVANCED TV PRODUCT PORTFOLIO ENABLES A WIDE RANGE OF USE CASES – ALWAYS WITH PREMIUM TV QUALITY ADDRESSABLE TV TOTAL VIDEO AUDiENCE TV PROGRAMMATIC TV based on CFlight The power hybrid of TV impact Germany's first fully integrated The new, efficient way to book Easiest linear TV a
Slide 40: Addressable TV redefined across all screens
ADDRESSABLE TV REDEFINED: TV CONTENT AND TV USER EXPERIENCE ACROSS ALL SCREENS ADDRESSABLE TV TV LIVESTREAM (TV CONTENT) VOD (TV SCREEN) LIVE TV Smart TV TV Receiver Set-Top-Box/ Gaming console Streaming PC/Laptop/Tablet/ (HbbTV enabled Blu-Ray-Player Box/Stick Smartphone Devices) 40
Slide 41: Partnering with RTL Germany on pan-European ad tech stack
BY PARTNERING WITH RTL GERMANY, WE ARE CREATING ONE OF THE MOST ADVANCED AD TECH STACK AND PROGRAMMATIC BUYING OFFERINGS IN EUROPE BUILDING A PAN-EUROPEAN Linear TV Addressable TV | Connected TV | Online Video ADTECH STACK P7S1 RTL Adserver • Transform core business and digitize Media Manager smartx
Slide 42: Campaign Localizer takes geo targeting to next level
WITH THE CAMPAIGN LOCALIZER WE ARE TAKING GEO TARGETING TO THE NEXT LEVEL COLOGNE We take geo targeting to the next level: ONGOING Use the Campaign Localizer to create TV PROGRAM thousands of individualized campaign motifs (e.g. dealer address) at the push of a button and deliver them on a zip code
Slide 43: Innovative technology behind programmatic TV
INNOVATIVE TECHNOLOGY BEHIND PROGRAMMATIC TV BOOKING PLATFORM/DSP TV ADSERVER AUDIENCE PREDICTION historical AGF TV data + measurement TV-BROADCAST All TV reception channels 43
Slide 44: Most comprehensive crossdevice solution in Germany
MOST COMPREHENSIVE CROSSDEVICE SOLUTION IN GERMANY REACHING 41M HOUSEHOLDS ADVANTAGES • CrossDevice Matching of the devices at household level for addressing audiences using different devices • More control over net reach and contact dose • Incremental reach • Contact Boosting via Reminder • Frequen
Slide 45: Data advantage: central login service 7Pass
OUR DATA ADVANTAGE: ESTABLISHED CENTRAL LOGIN SERVICE “7PASS” Popular Content as Account provider of a driver for registration Broad roll-out in Seven.One Entertainment world High user acceptance as part of the netID 45
Slide 46: Future-proof targeting setup with 1st party and contextual data
FUTURE-PROOF TARGETING SETUP THROUGH COMBINATION OF 1ST PARTY DATA AND CONTEXTUAL DATA ACTIVATION MITIGATION OF THE COOKIE CALYPSE 2024 Future-proof 7Pass ID-Solutions Contextual Waterfall- + e.g. NetID Targeting Continuous ramp-up Enabling a 100% GDPR- Trust in content quality 100% coverage through
Slide 47: Commerce & Ventures
Commerce & Ventures
Slide 48: Commerce & Ventures contributes to Entertainment with media usage and synergies
COMMERCE & VENTURES CONTINUES TO CONTRIBUTE TO OUR ENTERTAINMENT BUSINESS WITH MEDIA USAGE AND ONGOING LEVERAGE OF FURTHER SYNERGIES (incl. NuCom C&V Vehicle Group) Investment • Standardized 360° media testing • Media-for-revenue and media-for- • Bigger minority and majority deals in the form of med
Slide 49: Continued strong growth of Verivox and Flaconi
CONTINUED STRONG GROWTH OF VERIVOX AND FLACONI External Revenues [in EURm] +9% +38% revenue growth revenue growth in Q3 2024 vs. PY in Q3 2024 vs. PY +7% +20% CAGR 182 CAGR 463 162 389 130 137 336 324 122 292 80 197 2019 2020 2021 2022 2023 Q3 24 2019 2020 2021 2022 2023 Q3 24 LTM LTM • Robust growt
Slide 50: Dating & Video
Dating & Video
Slide 51: ParshipMeet Group: leading international player in dating and video
PARSHIPMEET GROUP IS ONE OF THE LEADING INTERNATIONAL PLAYERS IN DATING AND VIDEO DATING With revenues of more than 400 million Euros and around 550 • 20+ years of experience in building happy, long-term relationships employees, ParshipMeet Group is one of the three leading • From making friends and
Slide 52: Dating: apps addressing global need for meaningful relationships
DATING: OUR APPS ARE ADDRESSING THE GLOBAL NEED FOR MEANINGFUL RELATIONSHIPS ACROSS THE GLOBE Main Brand Europe Main Brand English-speaking countries Matchmaking Matchmaking DACH/NL/BE US/CAN/UK/AUS Young Brand Social Dating DACH/FR/IT/ES Niche Brand Matchmaking DACH 52
Slide 53: Improving portfolio and product range
IMPROVING PORTFOLIO AND PRODUCT RANGE DATE MAP The centerpiece of LOVOO’s local, ‘discover love next door’ Dating experience Based on density of users in area Facilitates more meaningful connections in area Curated list of locations helps discover not only people, but LIKE & CHAT also places Users c
Slide 54: Agenda
AGENDA 01 02 03 04 WHO WE ARE STRATEGY FINANCIALS / OUTLOOK SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE < OS ESG O06 SHARE O7 APPENDIX 54
Slide 55: Our approach to sustainability/ESG
OUR APPROACH TO SUSTAINABILITY/ESG P7S1 defines sustainable 1 3 P7S1 has expanded the entrepreneurial activity sustainability organization as an integrated approach for improving in the last years by installing ESG its economic, environmental and social a Sustainability Committee and a performance G
Slide 56: We love to sustain
WE LOVE TO SUSTAIN OUR GOAL Our goal is to implement sustainability as an integral porate Strategy Cor management concept in all areas of the P7S1 Group. Sustainable management as the basis for all our business decisions is to become a matter of course. We take our corporate and social responsibilit
Slide 57: ESG targets integrated in Executive Board compensation
ESG TARGETS FULLY INTEGRATED IN EXECUTIVE BOARD COMPENSATION STRUCTURE COMPENSATION STRUCTURE SPLIT SHORT-TERM INCENTIVE The Short-Term Incentive depends on the 20% business success of ProSiebenSat.1 Group 35 – 40% in the respective financial year. It is calculated based on the target achievements d
Slide 58: Selected non-financial key figures
SELECTED NON-FINANCIAL KEY FIGURES ENVIRONMENTAL SOCIAL 2023 2022 ∆ 2023 2022 ∆ Total energy consumption in GWh 33.09 33.26 -1% Ratio of women (employees) 49.9% 50.1% -0.2 pp share of renewable energy in GWh 22.19 21.99 +1% Ratio of women (management) 36.0% 35.8% +0.2 pp share of non-renewable energ
Slide 59: ESG ratings and rankings
ESG RATINGS AND RANKINGS Climate Change Score: B Rating: AA Average peer performance: Industry-adjusted score: 8 B to B- Top 18% of Media/Entertainment Quality Score ESG risk rating: 11.7 Environment: 3 (Low risk) Social: 2 Industry (Media): 25/301 Governance: 1 Subindustry (Broadcasting): 5/62 Rati
Slide 60: Strategic goals
STRATEGIC GOALS PUBLIC VALUE & CORPORATE CITIZENSHIP • Focus increasingly on socio-politically relevant issues in terms of media and content (Public Value) and social engagement (Corporate Citizenship) and structural expansion of sustainable storytelling DIVERSITY & INCLUSION • Further enhancing div
Slide 61: Agenda
AGENDA 01 WHO WE ARE 02 STRATEGY 03. FINANCIALS / OUTLOOK 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE O5 ESG O06 SHARE O7 APPENDIX él
Slide 62: ProSiebenSat.1 share
PROSIEBENSAT.1 SHARE SHAREHOLDER STRUCTURE IN % MFE- MEDIAFOREUROPE N.V. 26.58% Free Float 57.77% 12.95% PPF Group N.V 2.70% Treasury Shares ProSiebenSat.1 Media SE BASIC DATA SHARE CAPITAL EUR 233,000,000 STOCK EXCHANGES Frankfurt / Luxembourg ISIN DE000PSM7770 WKN PSM777 COMMON CODE 095725104 SEDO
Slide 63: Covered by financial analysts
PROSIEBENSAT.1 IS CURRENTLY ACTIVELY COVERED BY 14 FINANCIAL ANALYSTS ANALYST COVERAGE BANK ANALYST LATEST RECOMMENDATION Barclays Julien Roch Overweight Citigroup Tom Singlhurst Buy DZ Bank Armin Kremser Buy J.P. Morgan Daniel Kerven Overweight Oddo-BHF Securities Jérôme Bodin Outperform Deutsche B
Slide 64: Agenda
AGENDA 01 WHO WE ARE 02 STRATEGY 03. FINANCIALS / OUTLOOK 04 SEGMENT DEEP DIVES ProSiebenSat1 ‘el MediaSE O05 06 07 ESG SHARE APPENDIX 64
Slide 65: Group P&L
GROUP P&L [in EUR m] Q3 2024 Q3 2023 YoY 9M 2024 9M 2023 YoY Revenues 882 888 -1% 2,656 2,571 +3% Adjusted EBITDA 104 110 -6% 267 243 +10% Reconciling items -6 -17 -63% -27 -105 -74% EBITDA 98 93 +5% 240 138 +74% Depreciation, amortization and -47 -49 -3% -141 -152 -7% impairments Thereof PPA -4 -6
Slide 66: Group and segment revenue breakdown Q3 2024
GROUP AND SEGMENT REVENUE BREAKDOWN Q3 2024 Entertainment Commerce & Ventures Dating & Video Total Group External revenues [in EUR m] Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Advertising revenues 450 477 28 24 478 500 DACH 382 408 28 24 410 431 Thereof TV 311 337 311 337 There
Slide 67: Group and segment revenue breakdown 9M 2024
GROUP AND SEGMENT REVENUE BREAKDOWN 9M 2024 Entertainment Commerce & Ventures Dating & Video Total Group External revenues [in EUR m] 9M 2024 9M 2023 9M 2024 9M 2023 9M 2024 9M 2023 9M 2024 9M 2023 Advertising revenues 1,392 1,392 88 72 1,480 1,465 DACH 1,200 1,204 88 72 1,288 1,276 Thereof TV 986 1
Slide 68: Operational KPIs
OPERATIONAL KPIS Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 2022 2022 2022 2022 2023 2023 2023 2023 2023 2024 2024 2024 Linear TV Audience Share A 20-591) 21.1% 21.5% 20.1% 20.9% 19.9% 21.6% 20.7% 21.6% 20.9% 20.1% 18.3% 18.3% Joyn (DE+AT+CH)2) Monthly Video Users3) 4.07m 3.62m 4.84m 4.15m 4.60m 4.51m 4.19
Slide 69: Disclaimer
DISCLAIMER This presentation contains "forward-looking statements" regarding ProSiebenSat.1 Media SE ("ProSiebenSat.1") or ProSiebenSat.1 Group, including opinions, estimates and projections regarding ProSiebenSat.1's or ProSiebenSat.1 Group's financial position, business strategy, plans and objecti
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