Without the adjustment,ProSiebenrecorded a 56M loss.
Revenues were down 17%, from 1.04B to 868M.
Like its commercial TV kin, ProSieben is also pushing heavily into digital, primarily through its streamer Joyn.
ProSiebenSat1 headquarters in Unterfoehring near MunichChristof Stache/AFP via Getty Images
It posted digital and smart advertising revenues up 5%.
This once again underlines how crucial it is that we focus on our digital business at ProSiebenSat.1.
We are clearly aligning our organization and processes to our digital transformation.
We are consistently pursuing this path, combined with our strong focus on costs and efficiency.
