Bloomberg News

RTL Group Third-Quarter Profit Rises on Advertising, ‘X Factor’

November 09, 2011

Nov. 9 (Bloomberg) -- RTL Group SA, Europe’s biggest television broadcaster, said third-quarter profit excluding some items rose 8.3 percent on higher advertising revenue and strong ratings for its ‘X Factor’ and ‘Got Talent’ shows.

Earnings before interest, taxes and amortization climbed to 144 million euros ($199 million) from 133 million euros a year earlier, the Luxembourg-based division of Bertelsmann AG said in a statement today. Revenue increased 6.6 percent to 1.24 billion euros.

The company didn’t give a forecast in its statement. At the six-months results in August, Chief Executive Officer Gerhard Zeiler said he didn’t “have much visibility for the advertising markets,” and the company stated it was “cautiously optimistic” for 2011.

RTL owns 41 television channels and 34 radio stations in 10 countries.

--Editor: Kenneth Wong

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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