Rtl Group Bets on Streaming Pivot as Sky Deal and HBO Max Partnership Reshape Business

Rtl Group reported €6.0 billion ($6.55 billion) in revenue for 2025 as the European broadcaster and streamer continued its pivot toward subscription and digital businesses, while reshaping its portfolio through a series of deals designed to scale its streaming operations.

The Luxembourg-based group — owned by German media giant Bertelsmann and the parent company of production powerhouse Fremantle, the maker of global entertainment franchises including The X Factor and Got Talent — posted revenue of €6.018 billion ($6.55 billion) for the year, down 3.8 percent from €6.254 billion ($6.81 billion) in 2024 as traditional TV advertising declined. Adjusted Ebita came in at €661 million ($720 million), broadly in line with company guidance.

Streaming continued to be the main growth driver. Rtl said paying streaming subscribers rose 19 percent year-on-year to 8.1 million, while streaming revenue climbed 26 percent to €509 million ($555 million). Losses from the streaming segment narrowed by €90 million to €47 million ($51 million), with the company saying the business approached break-even in the fourth quarter.

“The market environment in 2025 remained challenging,…