RTL Group revenues dipped 5.5% to €1.34B ($1.42B) in the third quarter, as lower turnover at Too Hot to Handle maker Fremantle dragged the figures down.
Fremantle’s Q3 numbers were not revealed in the unaudited financial statement released this morning, and low advertising revenue was also cited as a reason for the fall. However, across the nine months to September 2024, Fremantle has seen its revenue fall 7.1% to €1.43B, with RTL saying “the growth of the content market was lower than expected.”
Production and distribution giant Fremantle has also spent big on Asacha Media Group and Beach House Pictures this year, and RTL CEO Thomas Rabe forecasted a “strong content line-up in the fourth quarter” will “significantly increase” full-year adjusted earnings. Fremantle is set to deliver shows such as Netflix’s Battle Camp, Prime Video’s Costiera, BBC series The Listeners and doc Vietnam: The War That Changed America
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