RTL Group Posts Stable 2024 Results
European media conglomerate RTL has reported stable full fiscal year results for 2024, with a strong performance driven by a significant increase in streaming revenue and robust advertising returns.
According to the company, group revenue for 2024 amounted to €6.3 billion, a slight decrease of 1.5% compared to the previous year. However, RTL anticipates a revenue increase to approximately €6.45 billion in 2025. The total group profit for the year reached €555 million.
One of the key highlights of the report was the impressive 42% growth in annual streaming revenue, totaling €403 million. This growth was fueled by a 21% increase in paying subscribers in key markets such as Germany, Hungary, and France. RTL also noted a reduction in streaming start-up losses, paving the way for profitability in this segment by 2026.
Furthermore, the company saw double-digit growth in advertising revenue from its streaming services in Germany and France. CEO Thomas Rabe expressed optimism about the future, stating that RTL is poised to significantly increase operating profits in the coming years.
In terms of Fremantle, RTL’s global content business, revenue experienced a slight dip from the previous year. However, Rabe highlighted cost reductions and the acquisition of Asacha Media Group as contributing factors to a record result and improved margin. The company aims to increase Fremantle’s margin to 9% by 2026.
Asacha Media Group includes Picomedia, the Italian production company behind the popular TV series “The Sea Outside.” Looking ahead, RTL is targeting full-year revenue of €3 billion for Fremantle in the mid-term, with plans to acquire smaller production companies and collaborate with creative talent.
Additionally, RTL is in the process of obtaining regulatory approvals for the sale of RTL Nederland, with the transaction expected to close in the second quarter of the year.
Overall, RTL’s solid performance in 2024, particularly in streaming revenue and content production, sets a positive trajectory for future growth and profitability. With strategic investments and a focus on expanding its presence in key markets, the company remains well-positioned for success in the evolving media landscape.
