RTL GroupQ3 results better than predicted

RTL Today
RTL Group has reported higher-than-predicted TV advertising revenue results for 2020's third quarter, with a drop of just 2%.

Revenue dropped significantly from advertising in the period between April and June, but has recovered once again in the following period, dropping just 2%.

RTL Group has forecast a group revenue of around 5.8 billion euros for 2020, adjusting the gross profit to around 720 million euros, provided the economical reprise is maintained.

RTL has particularly benefited from an uptake in its streaming services, after improving available subscriptions. Streaming revenue from the TV Now and Videoland services is up 24%, contributing 124 million euros to the group's total.

PDF: Quarterly report for 2020

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