ProSiebenSat.1 Media Posts Upbeat Q1 Profit

ProSiebenSat.1 Media AG

reported around 33% y/y rise in its net profit for the first quarter. Its quarterly net profit climbed to EUR50.8 million, from EUR38.3 million in the year-ago period, versus analysts' estimates of EUR46 million. Revenue gained 7% to EUR634.8 million, beating analysts' estimates of EUR628 million. Its adjusted earnings before interest, taxes, depreciation, and amortization gained to EUR141.6 million from EUR130 million. However, analysts were expecting adjusted EBITDA of EUR140 million. Earnings per share climbed to EUR0.24 from EUR0.18, beating analysts' expectations of EUR0.21. ProSiebenSat.1 Media shares closed at $49.00 yesterday.