Prosieben Sat 1 Media (PBSFF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to our full year 2024 result conference call of ProSiebenSat-1 Media SE. This conference is being recorded. Today's call is hosted by Mr. Dirk Verlander. Please go ahead, sir. Thank you, operator, and good morning, ladies and gentlemen. Welcome to ProSiebenSat-1's investor and analyst conference call on the occasion of the full year 2024 results published today. This conference call will be hosted by Bert Harbitz, CEO of ProSiebenSat-1, and Martin Miltner, CFO of the Group. Bert will begin by discussing key financial highlights of the year 2024. Martin will then give you a deeper insight into the financial performance of the Group and present our dividend proposal for the past financial year. Bert will then present operational highlights and give an update on the company's strategy as well as our new outlook for 2025. In the subsequent Q&A session, you will have the opportunity to ask questions about this, as well as the ad hoc announcement we have published yesterday. I would now like to hand over to Bert. Welcome, everyone, and thanks for joining our full year's results conference call. Today, we want to look back on the past year with you. We also want to share our expectations for 2025 and beyond, and how we plan to strengthen our business for the upcoming years. Let me first give you a quick overview of our financial development in 2024. Martin will then go into details afterwards. Overall, we are satisfied with the performance of ProSiebenSat.1 in 2024. Although the TV advertising market in 2024 was weak, especially in Q4, due to a challenging economic environment, ProSiebenSat.Eins still managed to achieve further revenue growth of 2% to 3.918 billion euros. In the entertainment segment, our joint AVOD revenues incre...