ProSiebenSat.1 Media Sees Q1 Profits Dive 39% As “Very Cyclically Sensitive” TV Ad Market Bites

ProSiebenSat.1 Media has posted adjusted EBITDA down 39%, as the linear TV advertising market bit, though streamer Joyn achieved its best quarter to date. The Germany-based TV giant posted adjusted earnings of €44M ($49.2M), which was attributed to “the highly profitable but also very cyclically sensitive linear TV advertising business.” Revenue was stable at €855M, […]