Fremantle, a global production giant, experienced a 5.4% decline in revenue in the first half of 2025, totaling €905 million ($1.053 billion). This decrease was primarily attributed to lower U.S. sales and phasing effects, as parent company RTL Group focused on accelerating its shift towards streaming services and confirmed the acquisition of Sky Deutschland. The previous year’s revenue was boosted by the spin-off of “America’s Got Talent.”
Overall, RTL Group reported a 3.2% decrease in group revenue to €2.781 billion ($3.236 billion) for the first half of 2025. Adjusted EBITA dropped by 7% to €160 million ($186 million), with lower TV advertising revenue partially offset by reduced streaming start-up losses. Group profit also decreased to €59 million ($68.7 million) due to one-time effects and fewer positive fair value adjustments.
Despite the decline in revenue, Fremantle’s adjusted EBITDA margin increased to 7.2% in H1/2025 from 6.6% the previous year. The company’s “boost plan” aims to achieve €3 billion ($3.493 billion) in annual revenue through investments in IP development, acquisitions, and the implementation of artificial intelligence throughout its operations.
Fremantle made significant strides in content development and partnerships during the first half of the year. The company secured deals with prominent figures like Emma Stone and Dave McCary’s Fruit Tree, established Eureka Studios for new IP development, and launched Fremantle Sports and Imaginae Studios. Additionally, Fremantle Global Originals was introduced as a creative hub for original unscripted formats.
On the streaming front, RTL’s streaming revenue surged by 27% to €235 million ($273.6 million) with a 15.3% increase in paying subscribers. RTL+ in Germany and M6+ in France experienced growth in subscriber numbers and viewing hours, solidifying their positions in the entertainment streaming market.
RTL Group continued to expand its reach through strategic partnerships and acquisitions. The acquisition of Sky Deutschland’s operations in Germany, Austria, and Switzerland, along with the renewal of distribution partnerships, demonstrated the company’s commitment to strengthening its presence in the market.
Looking ahead, RTL Group reaffirmed its 2025 outlook, projecting revenue of approximately €6.45 billion ($7.509 billion) and Adjusted EBITA of around €780 million ($907.1 million). CEO Thomas Rabe expressed confidence in the company’s future profitability, driven by improved economic conditions, streaming revenue, and synergies from recent acquisitions. The sale of RTL Nederland is expected to result in a dividend of €5 per share for shareholders in 2026.
In summary, RTL Group’s focus on streaming services, strategic partnerships, and content development positions the company for continued growth and profitability in the evolving entertainment landscape.
