RTL Group 9-month Revenue Up 3.5% Organically; Confirms 2019 Outlook
(RTTNews) - RTL Group (AUO.F) reported that its nine-month reported Group revenue was up 2.8 percent to 4.59 billion euros, largely due to the Group's global content business, Fremantle, and digital activities. Underlying revenue was at 4.53 billion euros, resulting in an organic growth rate of 3.5 percent. RTL Group's total digital revenue was up 14 percent to 755 million euros.
Thomas Rabe, CEO of RTL Group, said: "RTL Group continues its growth trajectory driven by our content and digital activities. We are on course to achieve all the targets in our outlook statement. At the end of September 2019, RTL Group registered 1.4 million paying subscribers for its streaming services in Germany and the Netherlands - up 50 percent year on year."
RTL Group continues to expect its total revenue for the fiscal year 2019 to grow moderately (2.5 percent to 5.0 percent) excluding foreign exchange rate effects. RTL Group continues to expect EBITA before restructuring costs to decrease moderately (2.5 percent to 5.0 percent), reflecting higher investments into programming and VOD services.
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