Full Year 2023 Prosiebensat 1 Media SE Earnings Press Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Annick Maas - Bernstein - Analyst : My first question is on Verivox. Now that the asset is doing quite well again. Is it time to monetize this asset in the near-term? My second one is on dating. You would like to stabilize the dating business. Can you give us a bit more examples of how you would like to do that? And maybe within that, tell us how Parship should do within the dating business? And then you've said that the first quarter -- or the first couple of months, so far the TV advertising business is doing better. Can you maybe give us a little bit more detail on what that means? Thank you.

Question: Annick Maas - Bernstein - Analyst : Thank you very much.

Question: Thomas Singlehurst - Citi - Analyst : Thank you for taking the questions. Tom here from Citi. I mean, first question on the advertising. Obviously, encouraging you saw a return to growth in 4Q. You talked about that low- to mid-single digit progression in the 1Q, which is great. I suppose, firstly, within that, how much of an impact is there from the timing of Easter and the extra day in February. And then given large events, particularly the euros in the 2Q. In terms of phasing, should we expect better 1Q, weaker 2Q and then a rebound in 3Q? Any commentary about the anticipated phasing of growth, just so we could minimize scope for surprises, that would be great. And then the second question on the content investment. Very encouraging seeing that additional push into local programming. You did talk about write-downs on US content. I'm just wondering whether they continue into this year and what the cash impact of that is? Thank you very much.

Question: Thomas Singlehurst - Citi - Analyst : Very clear. And actually, one follow-up, if possible, on the topic of the leverage guidance, which is very clear, but you have made references to potentially taking more action on disposals. I just wanted to clarify that the net debt guidance, at least the range is on the assumption that there aren't any asset sales of any form. Is that the right starting point for how we think about it?

Question: Thomas Singlehurst - Citi - Analyst : Perfect. Thank you.

Question: Julien Roch - Barclays - Analyst : My first question is on your viewing KPI that you put on page 32. I mean for revenue, you give us linear and smart advertising. For viewing, you only give us on-demand viewing. So could we get total viewing for your programs across all devices in German-speaking? That's my first question. And then on dating, it's been several years that it's going backwards. Any indication on '24, when do you think dating can go back to flat or growth? Thank you. Hello?

Question: Julien Roch - Barclays - Analyst : Yes. Thank you. without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. MARCH 07, 2024 / 10:30AM, PSMGn.DE - Full Year 2023 Prosiebensat 1 Media SE Earnings Press Conference