ProSiebenSat.1 has posted record revenues for 2021 after a significant improvement in the German advertising market.
The Munich-based broadcaster announced full-year profits of €449 million after revenues grew by 11% to €4,494 million.
ProSiebenSat.1 remained the number one in the German TV market across the 12 month period.
Rainer Beaujean, Group CEO of ProSiebenSat.1 Media SE said: “Despite the ongoing COVID-19 pandemic, 2021 was a record year for ProSiebenSat.1. We again demonstrated the success and resilience of our business model, raising our outlook three times during the year and finally achieving all financial targets in full.”
At the same time, revenues from programme production and sales performed strongly in 2021, growing 25% year-on-year. In addition, distribution revenues grew by 6%.
