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BERLIN – German broadcaster ProSiebenSat.1 Media on Thursday raised its 2021 full-year guidance for a third time this year after reporting a 15% jump in third quarter revenue at 1.06 billion euros ($1.23 billion).
Its advertising business in the entertainment segment in particular surpassed its pre-pandemic levels, growing 18% year-on-year in the quarter, ProSieben said.
The company is now aiming for revenue of 4.45 billion to 4.55 billion euros for the full year, an increase of 10% to 12% year-on-year.
($1 = 0.8633 euros)
(Reporting by Miranda Murray; Editing by Riham Alkousaa)
