PROSIEBENSAT.1 POSTS 4% DROP IN REVENUE

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German media giant ProSiebenSat.1 Group has reported a 4% drop in revenues to 1.8 billion ($2.1 billion) & adjusted the net income at 230 million ($267 million) over the 1st ever half of the year 2018. EBITDA stood at 459 million ($532 million) in the 1st half of the year 2018, on par with last year, while the adjusted EBITDA margin went up by 25.6%, reflecting cost – management measures taken in the entertainment division as well as higher revenues from distribution activity ProSiebenSat.1’s ratings were also on par with last year, with a 26.9% market share, in spite of the Winter Olympics & the FIFA World Cup.