*See Key performance indicators below
*As of 31 December
* Operating cash conversion rate reflects the level of operating profits converted into cash. Further details can be found in Key performance indicators down below
* Streaming revenue includes SVOD, advertising and distribution revenue from RTL+ in Germany and Hungary and, starting from 2023 6play/M6+ in France (Videoland/ RTL XL included until 2021; as of 2022 shown as pro-forma)
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.
In December 2023, RTL Group announced the envisaged sale of RTL Nederland to DPG Media, and therefore presents its financial information for 2024, 2023 and 2022 without RTL Nederland (IFRS 5 ‘Non-current assets held for sale and discontinued operations’). Figures prior to 2022 are as reported in the Annual Report 2022 and previous reports.
Further details can be found in the chapter on Key performance indicators in RTL Group's full-year report.
In August 2025, RTL Group confirmed its outlook on the basis that TV advertising revenue would grow by 2 to 3 per cent in the second half of 2025, in particular in Germany. RTL Group now expects its TV advertising revenue in the second half to be down by high single-digit percentage.
Due to the decline of the German and French TV advertising markets RTL Group reduces its revenue and Adjusted EBITA outlook for 2025 as follows:
- Full-year revenue of €6.0 billion to €6.1 billion (previous guidance: ~€6.45 billion)
- Full-year Adjusted EBITA of €650 million (previous guidance: ~€780 million, +/- 5 per cent)
- Full-year Total Group profit of approximately €1 billion
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.
| 2024 | 2025e old | 2025e new | |
|---|---|---|---|
| Revenue | €6,254m | ~€6.45bn | €6.0bn to €6.1bn |
| Adjusted EBITA | €721m | ~€780m | €650m |
| Streaming start-up losses | €137m | ~€80m | ~€50m |
Strategic targets for RTL Group’s streaming services1
| 2024 | 2026e | |
|---|---|---|
| Paying subscribers | 6.8m | ~9m |
| Streaming revenue | €403m | ~€750m |
| Content spend per annum | €338m | ~€500m |
Profitability is expected by 20262.
Fremantle targets
RTL Group confirms that Fremantle’s Adjusted EBITA margin is expected to increase to 9 per cent by 2026. Fremantle continues to target full-year revenue of €3 billion in the medium term, including the acquisition of small and medium-sized production companies and partnerships with creative talent.
2 Total of Adjusted EBITA from RTL+ in Germany and Hungary, M6+ in France and Bedrock as consolidated on RTL Group level. The Adjusted EBITA of RTL+ in Germany and Hungary and M6+ includes synergies with TV channels at business unit level. For the definition of Adjusted EBITA please see Key performance indicators on page 27 ff of RTL Group’s Full-year results report 2024
Oliver Fahlbusch
Executive Vice President Communications & Investor Relations, RTL Group
+352 / 24 86 5200
Irina Mettner-Isfort
Vice President Media & Investor Relations, RTL Group
+49 221 456 56410