Annual Report 2024

Group Key Figures: Multi-Year Overview

in EUR m

2024

2023

2022

20211

2020

Revenues

3,918

3,852

4,163

4,495

4,047

Adjusted EBITDA2

557

578

678

841

706

EBITDA

512

140

666

803

801

Operating result (EBIT)

–41

–87

236

552

553

Result before income taxes

–62

–164

97

614

370

Net income attributable to shareholders of ProSiebenSat.1 Media SE

51

–124

5

456

267

Adjusted net income3

229

225

301

365

221

Adjusted earnings per share (in EUR)

1.01

0.99

1.33

1.61

0.98

Adjusted operating free cash flow4

285

260

492

599

424

Free cash flow

103

116

388

289

120

 

in EUR m

12/31/2024

12/31/2023

12/31/2022

12/31/20211

12/31/2020

Employees5

7,041

7,188

7,284

7,906

7,307

Programming assets

828

864

1,086

1,145

1,213

Equity

1,469

1,580

1,774

1,968

1,687

Equity ratio (in %)

26.2

26.8

29.5

29.6

23.8

Cash and cash equivalents

608

573

504

594

1,224

Financial debt without real estate liabilities & accrued interest

2,120

2,119

2,117

2,446

3,192

Net financial debt6

1,512

1,546

1,613

1,852

1,968

Leverage ratio7

2.7

2.7

2.4

2.2

2.8

1

Figures partly adjusted as described in Annual Report 2022, Notes to Consolidated Financial Statements, note 3 "Changes in reporting standards and accounting policies" and note 2 "Retrospective adjustment of accounting for voucher sales in financial year 2022" of the half-year financial report 2023.

2

EBITDA before reconciling items.

3

Net income attributable to shareholders of ProSiebenSat.1 Media SE before the amortization, impairments and reversal of impairments of assets arising from purchase price allocations as well as impairments of goodwill, adjusted for the reconciling items. These include valuation effects recognized in other financial result, valuation effects of put option and earn-out liabilities, valuation effects from interest rate hedging transactions as well as other material one-time items. Moreover, the tax effects resulting from such adjustments are also adjusted. See Annual Report 2024, chapter "Planning and Management".

4

As of financial year 2021, ProSiebenSat.1 Group has introduced the "adjusted operating free cash flow" among others as the most significant financial performance indicator. For the definition, please refer to the Annual Report 2024, chapter "Planning and Management".

5

Full-time equivalent positions as of reporting date.

6

The definition of ProSiebenSat.1 Group’s net financial debt as of December 31, 2024 does not include real estate liabilities of EUR 184 million (December 31, 2023: EUR 167 million) or accrued interest liabilities of EUR 10 million (December 31, 2023: EUR 13 million).

7

Ratio net financial debt to adjusted EBITDA in the last twelve months.

Segment Key Figures: Multi-Year Overview

in EUR m

2024

2023

2022

Entertainment

 

 

 

External revenues

2,537

2,574

2,888

Adjusted EBITDA1

416

473

563

 

 

 

 

Commerce & Ventures

 

 

 

External revenues

1,005

844

757

Adjusted EBITDA1

106

59

41

 

 

 

 

Dating & Video

 

 

 

External revenues

375

434

518

Adjusted EBITDA1

59

72

99

 

 

 

 

Reconciliation (Holding & other)

 

 

 

Adjusted EBITDA1

–24

–27

–25

1

EBITDA before reconciling items.