Prosiebensat Q1 core profit beats estimates (updated)

Mfe-mediaforeurope NV

13/05/2026 07:27

Adds details on results and CEO quote in bullet point summary.

May 13 (Reuters) -
German broadcaster ProSiebenSat.1 Media PSMGn.DE reported first-quarter core profit above market expectations, helped by cost controls under its new owner MFE-MediaForEurope MFEB.MI.

Adjusted earnings before interest, taxes, depreciation and amortization reached 44 million euros ($52 million), ahead of the 37 million euros forecast in a company-provided consensus, it said.

MFE, the Italian media group controlled by the Berlusconi family, took control of ProSiebenSat.1 after a 2025 acquisition.

Revenue fell to 775 million Euros from 855 million from the same period last year

The company, which has struggled with a weak TV advertising environment for several quarters, confirmed its 2026 outlook

It expects slight organic growth in revenue and a leverage ratio of between 3.0 - 3.5 by the year's end

CFO Bob Rajan flagged a positive trend in its advertisement business, saying April performed better than in the first quarter

"We are driving the shift toward more agile structures and further cost efficiency," CEO Marco Giordani said in a statement, adding that the company has divested companies that are not part of its strategic focus

In April, Prosieben
sold
 its North American creator business, continuing its strategy of divesting non-core segments

($1 = 0.8523 euros)

 (Reporting by Cian Muenster; Editing by Matt Scuffham and Izabela Niemiec)

 ((cian.muenster@thomsonreuters.com; +48 58 746 92 01;))