Prosiebensat 1 Media SE Q3 2021 Earnings Call Transcript

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

Question: Annick Tonie Maas - Exane BNP Paribas, Research Division - Analyst : So my first questions are just related to dating. If you could maybe tell us what the organic revenue growth was of Meet. And then also, if you could tell us how much vPaaS is expected to be making up in terms of revenues in absolute by year-end? Then second question is with regards to the TV advertising market, I think you just said 5% growth is expected for next year. Just was wondering where is auto advertising in there? Is that already fully recovered in that estimate? Or is that a potential upside here? Then you have mentioned in the call that Flaconi is still growing strongly. If you could maybe put a number to that as well as to its profitability. And last question, just on financial results, how we should think about it for this and next year?

Question: JTr(me Bodin - ODDO BHF Corporate & Markets, Research Division - Analyst : Two questions on my side. First of all, just to follow up on your cost prospect for Q4 for the TV business. Should we see the same gap between the top line growth and the cost growth in Q3. Is it a good way to look at it? And could we maybe have a bit of color and the philosophy for next year? Secondly, also to -- just to follow up on Flaconi, could you just make a quick update on your strategic willingness for the asset? Keep it steady, take time, et cetera. Ralf Peter Gierig - ProSiebenSat.1 Media SE - Deputy CFO, Executive VP of Group Finance & IR and Member of Executive Board JTr(me, I take the first one. Obviously, much will depend on the dynamics in top line, yes. I mean, I think -- when I look at my table, yes, we had in program costs for the group, we had EUR 336 million. And depending on top line development, the figure for this actual quarter could actually be below. But we will see how top line develops. Important to note again that our guidance for full year is fully reflecting what we will do with program costs.