Prosieben Sat 1 Media (PBSFF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to our first quarter 2025 Result Conference Call of Proceed & Set Media SE. This conference is being recorded. Today's call is hosted by Mr. Dirk Volander. Please go ahead, sir. Good morning, ladies and gentlemen, and welcome to Proceed & Set 1's Q1 2025 Results Conference Call. Today's conference call will be hosted by Martin Miltner, CFO of Proceed & Set 1. Martin will first take you through the group's financials the operational performance of the first quarter 2025. He will conclude his presentation with comments on our outlook for the full year. The presentation will be followed by a Q&A session. As always, you can find the presentation, the quarterly report, and all other documents relating to our quarterly figures in the investor relations section of our corporate website. With this, I now hand over to Martin. Thank you, Dirk. Good morning and welcome everyone, also from my side. Thank you for joining our Q1 2025 results call. Before we go into details, let me give you a quick overview of our key financial highlights in the first quarter, which we summarized on page number four of our presentation. The economic environment continued to be very challenging in the first quarter. we still achieved group revenues of 855 million euros, almost the same as last year. At the same time, we implemented strategically important portfolio measures. In our entertainment segment, we observed a revenue decline of 2% in Q1. However, it is important to note that the decline in TV advertising revenues was partially offset by growth in join, distribution, and content revenues. This reflects our continued focus on diversifying our revenue streams and increasing our digital presence. In contrast, our commercial and venture segment again e...