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RTL Group accelerates shift to streaming, seeing revenue drop but streaming gains.
RTL Group, a European broadcaster, is accelerating its shift to streaming to counter declining TV ad revenues, reporting a 3.2% drop in half-year revenue to €2.78 billion.
However, streaming revenue surged 27% to €235 million, with subscribers up 15.3% to 7.2 million.
The company plans to boost profits through its Sky Deutschland acquisition and improved economic conditions in Germany.
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RTL Group acelera el cambio hacia el streaming, viendo una caída en los ingresos pero ganancias en el streaming.