RTL Group has made a strong start to 2024 with a 41% increase in streaming revenues for the quarter ending March 31.
In its quarterly statement RTL said the number of paying subscribers was “significantly” higher while it was also benefitting from increased subscription rates in Germany.
RTL Group’s distribution revenue was up 8.6% to €88 million.
RTL Group’s streaming services RTL+ in Germany and Hungary and 6play in France mow have 6 million paying subscribers – up by a quarter on March 2023.
Many of these are to RTL+ in Germany, which grew by 20.6% year-on-year to
5.3 million, in part thanks to an agreement with Deutsche Telekom to bundle RTL+ Premium with its Magenta TV service.
Usage of RTL+ increased by 45.1 per cent to a monthly average of 47.8 million hours.
Group revenue was up 2.6 per cent to €1,318 million, mainly driven by higher TV advertising revenue and streaming revenue at RTL Deutschland.
The minor recovery in Germany and France sat alongside stable advertising markets in its other European territories.
