RTL Group reports strong 9-month growth on streaming boom

Published 11/04/2021, 03:14 AM
Updated 11/04/2021, 03:15 AM
© Reuters. FILE PHOTO: The logo of the RTL Media Group, Europe's leading entertainment company is pictured at RTL's German TV headquarters in Cologne, Germany,  April 28, 2016. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - European TV broadcaster RTL reported strong nine-month revenue growth on Thursday, citing continued recovery of TV advertising and growth in streaming businesses, adding it plans to expand its streaming services to music and e-magazines.

RTL said nine-month revenue rose 10.3% to 4.47 billion euros ($5.18 billion), compared with the growth of 2-3.5% it has reported for the period between January and September every year since 2015, as the number of its streaming services customers almost doubled.

© Reuters. FILE PHOTO: The logo of the RTL Media Group, Europe's leading entertainment company is pictured at RTL's German TV headquarters in Cologne, Germany,  April 28, 2016. REUTERS/Wolfgang Rattay

In the first half of 2022, RTL will also expand its streaming service to include videos, music, podcasts, audio books and e-magazines, the company's Chief Executive Thomas Rabe said in a statement.

($1 = 0.8635 euros)

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