RTL Group Revenues Soar to $7.6 Billion, Streaming Subscribers Up 45%, But Profits Slide

Bertelsmann’s Luxembourg-based media giant RTL Group, which owns Fremantle, has climbed 8.8% to a record €7.2 billion ($7.6 billion) for the financial year 2022. However, the company’s EBITA (earnings before interest, taxes and amortization) slid 6% to €1.08 billion, down from €1.15 billion in 2021. RTL attributes this to higher streaming start-up losses and lower TV advertising […]