ProSiebenSat.1 Media
Note: This is a daily stock update and the information stands true as of 15/05/25, 09:00 CET.
Company Update:
Expert Opinion:
Our expert believes the underlying business of ProSiebenSat1 is really hurting. He is not sure broadcasting has a very bright future. Valuation looks cheap but probably for a reason. He therefore would use the opportunity of the speculation to sell shares if he had some.
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Company Update:
ProSieben's Q1 performance was very disappointing. Global revenues remained flat, declining by 1% yoy, while advertising revenues fell sharply by 5% yoy. This decline contributed to a 39% drop in EBITDA. Since 2019, advertising revenues have decreased by an average of 3% annually, making the 5% decline in Q1 particularly concerning, as there is no indication of a slowdown.
ProSieben stock is currently under two offers:
- MFE has proposed acquiring all shares at a low price, primarily to pass the 30% ownership threshold (MFE owns 29.9% of ProSieben) without making a real attractive offer on all the shares and prompt the board to expedite the sale of Flaconi and Parshipmeet.
- PPF has made an offer at €7 per share, but it is limited, as PPF which has a 15% stake in Prosieben does not wish to exceed this 30% threshold.
Our expert believes the underlying business of ProSiebenSat1 is really hurting. He is not sure broadcasting has a very bright future. Valuation looks cheap but probably for a reason. He therefore would use the opportunity of the speculation to sell shares if he had some.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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