Stock Groups

ProSieben raises full-year target a third time after Q3 results -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – The logo for German media company ProSiebenSat.1 can be seen at its headquarters near Munich on November 5, 2020. REUTERS/Andreas Gerbert

BERLIN, (Reuters) – German broadcaster ProSiebenSat.1 Media has raised its guidance for 2021 after reporting a 15 percent increase in third quarter revenues at 1.06 Billion Euros ($1.23 Billion).

ProSieben stated that its advertising revenue in entertainment grew 18% over the previous quarter.

For the year 2019, revenue is expected to be between 4.45 billion and 4.55 billion euros, which would represent an increase in sales of 10% to 12.5% year over year.

($1 = 0.8633 euros)

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative and are inappropriate for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]