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Prosieben Q2 earnings beat expectations

Prosieben Q2 earnings beat expectations

- German media group Prosiebensat.1 PSMGn.DE on Thursday reported second quarter core profit above expectations, driven by a significant decline in costs.

The company, controlled by Italy's MFE MFEB.MI, said its earnings before interest, taxes, depreciation and amortization (EBITDA) were €80 million ($92.38 million), compared with a company-provided consensus of €65 million.

($1 = 0.8660 euros)


(Reporting by Cian Muenster, editing Izabela Niemiec)

((Cian.Muenster@thomsonreuters.com; +48 58 746 92 01;))

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