• Sky Deutschland (DACH) acquisition closed on 1 June 2026; RTL Group’s H1/2026 results include Sky Deutschland for one month following its full consolidation
• H1/2026: Group revenue up 3.9 per cent to €2.9 billion (H1/2025: €2.8 billion); Group revenue up 0.1 per cent organically
• Adjusted EBITA at €239 million (H1/2025: €160 million); Adjusted EBITA up by €18 million excluding the impact from Sky Deutschland, driven by streaming and Fremantle – despite Fifa World Cup content spend at Groupe M6
• Continued dynamic growth of RTL Group’s streaming services: paid subscriptions for RTL+ and M6+ up 20.7 per cent year on year to 8.7 million; streaming revenue up 27.2 per cent
• Adjusted EBITA from streaming was €31 million in H1/2026 and is expected to reach around €100 million for the full year 2026 (previous guidance: around €25 million to €50 million)
• TV advertising revenue down 4.0 per cent, digital advertising revenue up 10.9 per cent in H1/2026
• New outlook (including Sky Deutschland from June to December 2026): RTL Group expects full-year revenue of €7.1 billion to €7.2 billion and Adjusted EBITA of around €725 million – in line with previous guidance
• Medium-term Adjusted EBITA target of €1 billion confirmed

The geopolitical and macroeconomic environment remains volatile, and the impact on RTL Group’s businesses continues to be hard to predict.

On the basis of the full consolidation of Sky Deutschland for the period June to December 2026, the Group’s linear TV advertising revenue decreasing by around 4 per cent in the full year 2026 (supported by the positive effect of the Fifa World Cup 2026 at Groupe M6 in France), the Group’s streaming revenue growing by around 25 per cent and Fremantle’s revenue growing slightly, RTL Group updates its full-year revenue and Adjusted EBITA outlook as follows:

• RTL Group expects its full-year revenue for 2026 to increase to around €7.1 billion to €7.2 billion.
  
  
• RTL Group expects its Adjusted EBITA for 2026 to increase to around €725 million, with a variance of plus/minus 3 per cent, with significantly higher contributions from streaming compensating for lower contributions from the Group’s linear TV channels.
  
  
• RTL Group expects its Adjusted EBITA from streaming¹⁷ for 2026 to increase to around €100 million (previous guidance: around €25 million to €50 million).

RTL Group’s dividend policy remains unchanged: RTL Group plans to pay out at least 80 per cent of its adjusted full-year net result.

2019 Total dividend per share: On 2 April 2020, RTL Group's Board of Directors decided to withdraw its earlier proposal of a €4.00 per share dividend in respect of the fiscal year 2019, due to the Covid-19 outbreak
2018 Total dividend per share included an interim dividend of €1.00 per share, paid in September 2018
2017 Total dividend per share included an interim dividend of €1.00 per share, paid in September 2017
2016 Total dividend per share included an interim dividend of €1.00 per share, paid in September 2016
2015 Total dividend per share included an extraordinary interim dividend of €1.00 per share, paid in September 2015
2014 Total dividend per share included an extraordinary interim dividend of €2.00 per share, paid in September 2014

RTL Group analyses key performance indicators (KPIs) to manage its businesses, including revenue, organic growth/decline, Adjusted EBITA, Adjusted EBITA margin, net debt, operating cash conversion rate and audience shares in the company’s main target groups. RTL Group’s KPIs are mostly determined on the basis of so-called alternative performance measures, which are not defined by IFRS. Management believes they are relevant for measuring the performance of the Group’s operations, financial position and cash flows, and for making decisions. These KPIs also provide additional information for users of the financial statements regarding the management of the Group on a consistent basis over time and regularity of reporting. These should not be considered in isolation but as complementary information for evaluating the Group’s business situation. RTL Group’s KPIs may not be comparable to similarly titled measures reported by other groups due to differences in the way these measures are calculated.

EBIT, Adjusted EBITA and EBITDA are indicators of operating profitability. With significant investments in the Group’s streaming activities, RTL Group additionally reports streaming start-up losses. The KPI for the operating profitability of RTL Group and its business units is Adjusted EBITA. Analysts, investors and peers of RTL Group also use EBITDA to assess profitability, especially for content businesses such as Fremantle. The use of EBITDA eliminates potential differences in performance caused by variations in capital structures and the cost and age of tangible and intangible assets (affecting relative depreciation expense and relative amortisation expense respectively). For these purposes, the calculation of EBITDA, Adjusted EBITDA margin and the reconciliation of Adjusted EBITDA are also disclosed.

KPIs are reported for continuing operations. On 2 July 2025, RTL Group confirmed that it had closed the transaction to sell RTL Nederland to DPG Media on 1 July 2025. The operating segment RTL Nederland had been classified as held for sale over the preceding three years and is presented as a discontinued operation in the 2025 consolidated financial statements (application of IFRS 5 ‘Non-current assets held for sale and discontinued operations’ to the operating segment RTL Nederland). The contribution from RTL Nederland during the previous comparative period before completion of the disposal, if any, to each line of RTL Group’s condensed interim consolidated income statement (before non-controlling interests) is reported in ‘Group profit from discontinued operations’.