BERLIN: European broadcaster RTL Group reported higher-than-expected fourth-quarter earnings, helped by growing advertising revenue in its most important market Germany.
The broadcaster, which is majority-owned by German media conglomerate Bertelsmann, said on Thursday its fourth-quarter earnings before interest, tax and amortisation (EBITA) reached 466 million euros ($514 million).
The maker of hit talent shows such as “Jungle Camp” and “Big Brother” said fourth-quarter group revenue grew 2.8 percent to 1.862 billion euros.
Analysts polled by Reuters had forecast fourth-quarter EBITA of 439 million euros on revenue of 1.776 billion euros.
