This was in line with expectations in what the broadcaster called both an economically weak and difficult environment.
Revenues were also down 7.5%, at 3.85B for the full year against 2022s 4.16B.
ProSiebenSat.1 Media CEO Bert Habets claimed today the strategy to focus on Joyn was now starting to pay off.
ProSiebenSat1 headquarters in Unterfoehring near MunichChristof Stache/AFP via Getty Images
This is also underlined by the positive development, especially in the fourth quarter of 2023, he added.
Our goal is to further increase usage and user base of Joyn with double-digit growth rates per year.
We are firmly convinced that a free offering, centered on one platform, is the key to success.
At the same time, AVoD revenues grew 37% in Q4.
ProSieben is projecting 2024 group revenues of 3.95B, with a variance of 150M.
Local content and programming expenses will increase by around 80M, with programming costs reaching just over 1B.
To this end, we will consistently continue our cash and cost management.
A solid financial basis is the prerequisite for our growth.
