The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Annick Maas - Bernstein Autonomous LLP - Analyst
: My first question is if you could give us a bit of an indication of what you see in terms of TV advertising trends in the second quarter?
My second question is, so, I guess, Verivox and Flaconi are among the assets to be sold soon. Can you give us an idea of, if you are talking to someone
at this stage?
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MAY 14, 2024 / 7:59AM, PSMGn.DE - Q1 2024 Prosiebensat 1 Media SE Earnings Call
And then my third question is, you talked about dating. Dating is still weak, particularly, I guess, in Germany. So can you confirm that actually
eHarmony and Meet are growing? If you could give us basically dating trends per brand? Thank you.
Question: Annick Maas - Bernstein Autonomous LLP - Analyst
: Thank you.
Question: Julien Roch - Barclays Capital - Analyst
: Thank you for taking the question. The first two ones is on Joyn. On page 12, you gave us 9.2 billion minutes for Joyn for Q1. Could we get total
minutes linear and non-linear in that country? And then the second question is, you highlight that Joyn revenue is up 50% in Q1. How much is it
of the EUR66 million of digital and smart in Q1, and if it is up 50% but smart is only up 9%, what is declining or not growing a lot? And then last
question on Verivox and Flaconi. I get your answer. You're in the process. You won't comment. But is there a minimum price you want? Are you
willing to walk away from selling those assets if the price is not good enough and what would be plan B in that case? Thank you.
Question: Julien Roch - Barclays Capital - Analyst
: Yes. Very clear. Thank you.
Question: Conor O'Shea - Kepler Cheuvreux SA - Analyst
: Yes. Thank you. Good morning and thanks for taking my questions. Three quick questions from my side. So firstly, just to clarify, when you said that
the second quarter, you expect the second quarter advertising to be in line with Q1, do you mean by that the growth should be in line, year-on-year
growth? Is that what you mean, so we should expect mid-single-digit for the overall quarter-- second quarter in -- let's say in German advertising
at least?
Then the second question, I wonder if you could give us some more details about the Magenta distribution deal with Deutsche Telekom. When it
was signed, was it a factor for the whole first quarter and which revenue lines is it improving overall?
And then a third question on the dating business, now that you say that the regulatory drag should be fully cycled through in the first quarter for
the German business, would you expect the German business to be broadly stable from the second quarter on or are there other factors dragging
revenues down? Thanks for your questions.
Question: Conor O'Shea - Kepler Cheuvreux SA - Analyst
: Yeah.
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MAY 14, 2024 / 7:59AM, PSMGn.DE - Q1 2024 Prosiebensat 1 Media SE Earnings Call
Question: Conor O'Shea - Kepler Cheuvreux SA - Analyst
: Hi, Dirk.
Question: Conor O'Shea - Kepler Cheuvreux SA - Analyst
: Great. So the second effect is permanent and then the boost to AVoD was a factor for half the first quarter so there should be even more of a boost.
Question: Conor O'Shea - Kepler Cheuvreux SA - Analyst
: No.
Question: Conor O'Shea - Kepler Cheuvreux SA - Analyst
: Okay. Understood. Many thanks.
Question: Nizla Naizer - Deutsche Bank - Analyst
: Great. Thank you. I have two questions. The first one's on Flaconi. Impressive growth in Q1. Could you give us some color on how you expect the
growth trajectory to evolve over the rest of the year and has Flaconi reached profitability, or could you give us some color on what the margin
profile is like in the business? That would be great.
Secondly, would you give us some color on how you viewed the recently concluded AGM and the final decisions would be really interesting to
hear your perspective on the final outcomes and I guess the future of the business? Thank you.
Question: Nizla Naizer - Deutsche Bank - Analyst
: Great. No. Thanks. That's very helpful, Martin.
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