Ren TV and Pyatnitsa were the star performers in Russia’s TV industry in 2016, with both growing their revenues by around 20%.
On the other hand, reports Kommersant, Match TV completed its first full year with a loss of R1.7 billion (€24.3 million), while Channel One, Russia’s leading broadcaster, saw its net loss increase by 35 times, from R92 million to a record R3.2 billion, despite its revenues growing by 4% to R27.3 billion.
The loss, which in reality is believed to be even higher, has been put down to the failure to receive all the funds from the sale of Channel One’s 29% stake in the Ukrainian broadcaster Inter in February 2015.
State owned VGTRK saw its revenues increase from R26.6 billion to R26.9 billion, while its net loss fell from R6.2 billion to R114 million.
NTV’s revenues fell by 2% to R16 billion in 2016, while its net profit decreased from R730 million to R94 million.
The Gazprom Media channel Pyatnitsa had revenues of R4.4 billion (+21%) and a net profit of R1.1 billion.
Match TV, on the other hand, had revenues of R13 billion and a net loss of R1.73 billion.
Ren TV, now one of the fastest growing channels on the Russian market, had revenues of R7.7 billion (+19.5%), while its net profit was R1.2 billion, compared to a net loss of R1.6 billion a year earlier.
CTC saw its revenues increase by 15.5% to R14.9 billion, while its net profit was R155