RTL Group Targets Billion-Euro Operating Profit by 2026
Luxembourg - 1414 - August 9, 2024
RTL Group CEO Thomas Rabe Sets Ambitious Goals
RTL Group, the European media conglomerate, has announced ambitious plans to reach an operating profit of around one billion euros by 2026. This target was unveiled by CEO Thomas Rabe during a recent press conference.
"We are confident that we can achieve this goal through a combination of organic growth, strategic investments, and operational efficiency," Rabe said. "The media landscape is constantly evolving, and we are committed to adapting to these changes and seizing opportunities."
RTL Group has been actively pursuing a digital transformation strategy in recent years, investing heavily in streaming services, content production, and data analytics. These efforts have contributed to the company's strong financial performance, despite challenges in the traditional television market.
The company's 2026 target aligns with its long-term vision of becoming a leading global media and entertainment player. RTL Group operates in over 50 countries and reaches a potential audience of over 400 million people.
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