German broadcasting and media firm ProSiebenSat.1 on Monday reported a rise in its preliminary earnings and revenues for the first quarter of the year.
Preliminary adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 35% to €72 million ($76.3 million), from €53 million in the prior year.
Adjusted net income for the first quarter was €8 million compared to a loss of €15 million in the prior year, mainly reflecting the development of adjusted EBITDA and lower tax expenses.
Quarterly revenues increased by 6% to €867 million from last year's €816 million. ProSiebenSat.1 still aims to increase consolidated revenues for the full-year to around €3.95 billion with a variance of plus or minus €150 million.
It reported revenues of €3.85 billion in the prior year.
ProSiebenSat.1 Group continues to expect an adjusted EBITDA of €575 million with a variance of plus or minus €50 million.
ProSiebenSat.1 Group will publish its figures for the first quarter of 2024 on May 14.