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ProSiebenSat.1 Media SE (PBSFY)
:PBSFY
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ProSiebenSat.1 Media SE
(OTC:PBSFY)
Rating:50Neutral
Price Target:―
ProSiebenSat.1 Media SE (PBSFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.85B
Dividend Yield0.65%
Average Volume (3M)1.51K
Price to Earnings (P/E)32.8
Beta (1Y)0.86
Revenue Growth5.44%
EPS Growth-142.43%
CountryUS
Employees6,068
SectorCommunication Services
Sector Strength84
IndustryBroadcasting
Share Statistics
EPS (TTM)0.07
Shares Outstanding932,000,000
10 Day Avg. Volume0
30 Day Avg. Volume1,507
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.30
Price to Sales (P/S)0.00
P/FCF Ratio1.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
ProSiebenSat.1 Media SE Business Overview & Revenue Model
Company DescriptionProSiebenSat.1 Media SE, together with its subsidiaries, operates as a media company in Europe. It operates through three segments: Entertainment, Dating & Video, and Commerce & Ventures. The Entertainment segment operates free TV stations and digital paltforms, such as SAT.1, ProSieben, Kabel Eins, sixx, SAT.1 Gold, ProSieben MAXX, and Kabel Eins Doku, as well as distributes ProSiebenSat.1 HD stations. This segment is also involved in operating Marktguru and wetter.com; commercial websites; production and distribution programming portfolio, including entertainment, reality, and factual formats, as well as TV series, TV movies, and digital content; and operates Studio71, which offers digital content and web productions covering branded content, original production, content distribution, influencer products, and creator management. The Dating & Video segment engages in online matchmaking services for social dating and entertainment under the Parship, ElitePartner, eHarmony, LOVOO help singles brand names. This segment also provides video-based social dating and entertainment applications, such as MeetMe, Skout, Tagged, and GROWLr content for users. The Commerce & Ventures segment engages in the consumer advice, experiences, and beauty and lifestyle businesses; and offers individual tailored support services for development of companies. ProSiebenSat.1 Media SE was founded in 1984 and is headquartered in Unterföhring, Germany.
How the Company Makes MoneyProSiebenSat.1 Media SE generates revenue primarily through advertising sales on its television networks, leveraging its large audience base to attract advertisers. The company also earns money from subscription fees and transactional sales on its streaming platforms. Additionally, it benefits from the production and distribution of content via Red Arrow Studios, which sells TV shows and formats internationally. ProSiebenSat.1's digital commerce segment contributes to its revenue by investing in and developing digital consumer businesses, such as online marketplaces and e-commerce platforms. Strategic partnerships and joint ventures in both media and commerce sectors further enhance its revenue-generating capabilities.
ProSiebenSat.1 Media SE Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q1-2025)
| % Change Since: 2.51%|
Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with strong growth in the Commerce & Ventures segment, particularly through flaconi, and significant gains in the digital streaming platform Joyn. However, these positives were countered by substantial declines in the Dating & Video segment, adjusted EBITDA, and challenges in the advertising revenues which significantly impacted the Entertainment segment. The company's strategic focus on digital growth and debt reduction offers some optimism, but the negative trends in core areas weigh heavily.Q1-2025 Updates
Positive Updates
Robust Growth in Commerce & Ventures Segment
Commerce & Ventures segment experienced an 11% revenue increase in Q1 2025, primarily driven by the Beauty & Lifestyle vertical, particularly flaconi, which outperformed expectations and improved its EBITDA margin significantly.
Joyn's Significant Growth
Joyn streaming platform revenues grew by 39% in Q1, with user reach expanding to 8.3 million and video viewtime increasing by 48%. This growth highlights Joyn's increasing contribution to the company's digital presence.
Flaconi's Market Performance
Flaconi achieved double-digit revenue growth and significant market share increase, outperforming the German online beauty market which grew by just 1%. Its profitability was enhanced through operational excellence and marketing efficiencies.
Debt Reduction and Financial Leverage
Group's net financial debt was reduced by €124 million to €1,429 million, partly due to the sale of Verivox. The financial leverage ratio was improved to 2.7 times, within the expected range for 2025.
Negative Updates
Decline in Dating & Video Segment
Dating & Video segment saw a 22% revenue decline in Q1 2025, driven by weaker performances at eHarmony and lower video revenues due to seasonal effects and lower virtual goods and advertising sales.
Adjusted EBITDA and Net Income Decrease
Group adjusted EBITDA declined by 39% to €44 million, and adjusted net income decreased by €22 million to minus €14 million, reflecting negative EBITDA development and adverse conditions in high-margin advertising revenues.
Entertainment Segment Revenue Decline
Entertainment segment recorded a 2% revenue decline in Q1, driven by a €27 million decrease in DACH region TV advertising revenues, although partially offset by growth in other areas like Joyn.
Advertising Revenue Challenges
Advertising revenues, particularly in the DACH region, faced significant challenges due to macroeconomic conditions, with a 7% decrease in Q1. The company anticipates improvement in the second half of the year.
Company Guidance
During the Q1 2025 results call, ProSiebenSat.1 Media SE's CFO, Martin Mildner, highlighted several key metrics regarding the company's performance and future outlook. The group achieved revenues of €855 million, with a 2% decline in the Entertainment segment partially offset by a robust 11% growth in Commerce & Ventures, driven by flaconi. However, adjusted EBITDA decreased by 39% to €44 million, and adjusted net income fell by €22 million to minus €14 million. The company expects a challenging first half but anticipates a recovery in the second half, projecting full-year revenues of approximately €3.85 billion and adjusted EBITDA of €520 million, influenced by the sale of Verivox. The financial leverage ratio is expected to stay within 2.5 to 3.0 times by year-end. ProSiebenSat.1 remains optimistic about its strategic investments and digital transformation efforts, which are expected to positively impact revenues and EBITDA within the year.ProSiebenSat.1 Media SE Financial Statement Overview
Summary
ProSiebenSat.1 Media SE faces profitability and growth challenges, with declining revenues and negative net income. The company's balance sheet reveals high leverage, posing risks if performance does not improve. Despite strong operating cash flow, the decline in free cash flow growth is concerning.Income Statement
The income statement shows a concerning trend with a declining revenue and shifting to negative net income. The gross profit margin for 2023 was approximately 27%, which is a decrease from previous years. The net profit margin turned negative in the most recent year, indicating profitability challenges. Revenue growth has been negative, highlighting a downward trajectory for the company. The negative EBIT margin further underscores operational challenges.45
Neutral
Balance Sheet
The balance sheet reveals a stable equity ratio of around 21.3% for 2023, with a moderate debt-to-equity ratio of approximately 1.94, indicating a relatively high leverage. Return on equity has been negative, reflecting the net loss. While there is significant leverage, the company's equity position has been somewhat stable, albeit with potential risks associated with the high level of debt.55
Neutral
Cash Flow
The cash flow statement indicates a strong operating cash flow with a positive free cash flow despite declining net income. The operating cash flow to net income ratio is quite high due to positive operating cash flow in contrast to negative net income, suggesting good cash generation capability. However, the free cash flow growth rate has decreased, signaling potential future liquidity challenges.60
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.94B | 3.85B | 4.16B | 4.49B | 4.05B | 4.13B | Gross Profit |
| 1.09B | 1.04B | 1.54B | 1.75B | 1.58B | 1.76B | EBIT |
| -46.00M | -87.00M | 236.00M | 553.00M | 329.00M | 578.00M | EBITDA |
| 234.00M | 153.00M | 686.00M | 775.00M | 693.00M | 997.00M | Net Income Common Stockholders |
| -27.00M | -124.00M | -50.00M | 456.00M | 267.00M | 413.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 524.00M | 619.00M | 568.00M | 703.00M | 1.26B | 987.00M | Total Assets |
| 5.75B | 5.90B | 6.00B | 6.59B | 7.08B | 6.62B | Total Debt |
| 2.24B | 2.45B | 2.29B | 2.67B | 3.42B | 3.37B | Net Debt |
| 1.71B | 1.88B | 1.79B | 2.07B | 2.19B | 2.42B | Total Liabilities |
| 4.16B | 4.32B | 4.23B | 4.49B | 5.39B | 5.33B | Stockholders Equity |
| 1.28B | 1.26B | 1.51B | 1.75B | 1.33B | 1.06B |
| Cash Flow | Free Cash Flow | ||||
| 610.00M | 93.00M | 242.00M | 261.00M | 214.00M | 318.00M | Operating Cash Flow |
| 1.27B | 1.24B | 1.35B | 1.54B | 1.51B | 1.60B | Investing Cash Flow |
| -1.02B | -1.12B | -966.00M | -1.25B | -1.39B | -1.40B | Financing Cash Flow |
| -63.00M | -44.00M | -519.00M | -940.00M | 205.00M | -294.00M |
ProSiebenSat.1 Media SE Technical Analysis
Positive
2.04
Price Trends
1.87
Positive
1.72
Positive
1.58
Positive
Market Momentum
0.04
Positive
66.05
Neutral
82.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBSFY, the sentiment is Positive. The current price of 2.04 is above the 20-day moving average (MA) of 2.02, above the 50-day MA of 1.87, and above the 200-day MA of 1.58, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 66.05 is Neutral, neither overbought nor oversold. The STOCH value of 82.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBSFY.
ProSiebenSat.1 Media SE Peers Comparison
Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $23.78B | 13.74 | 16.89% | 0.98% | 15.70% | 26.73% | |
78 Outperform | $211.47B | 24.03 | 8.75% | 0.85% | 5.33% | 431.28% | |
77 Outperform | $16.85B | 33.21 | 5.88% | 0.70% | -5.43% | 135.46% | |
76 Outperform | $128.92B | 8.48 | 18.57% | 3.82% | 1.33% | 7.69% | |
61 Neutral | $39.03B | 0.90 | -14.72% | 4.08% | 3.29% | -77.95% | |
57 Neutral | $269.56M | 13.94 | -25.83% | ― | -8.14% | -258.98% | |
50 Neutral | $1.85B | 32.76 | -0.85% | 0.65% | 5.44% | -142.43% |
* Communication Services Sector Average
Performance Comparison
PBSFY
ProSiebenSat.1 Media SE
2.04
0.20
10.87%
AMCX
AMC Networks
6.00
-4.31
-41.80%
CMCSA
Comcast
34.53
-2.70
-7.25%
NWSA
News Corp
28.35
1.05
3.85%
DIS
Walt Disney
117.63
16.57
16.40%
FOXA
Fox
55.25
21.18
62.17%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.