Prosiebensat 1 Media AG

ProSiebenSat.1 Media SE reported a EUR152 million year-over-year increase in group EBITDA for the first half of 2026, driven by sharp cost reductions. Group revenue fell 9% to approximately EUR1.5 billion, while organic revenue declined 2% on a like-for-like basis. Programming expenses dropped EUR93 million to EUR404 million, with EUR65 million to EUR75 million of the decline attributed to a change in amortization methodology. The company confirmed its full-year 2026 outlook for significant EBITDA growth and a leverage ratio of 3 to 3.5 times, with net financial debt at EUR1.467 billion as of June 30, 2026.