Bertelsmann has reported strong revenue growth in the first nine months of 2024, reaching €13.4 billion. This growth is primarily driven by robust performances in divisions such as Penguin Random House, BMG, and the Bertelsmann Education Group.
The company's Chairman and CEO, Thomas Rabe, expressed optimism about the overall business performance and highlighted the growth in content, services, and education sectors. Bertelsmann's strategic investments have already reached €1.5 billion in 2024, with plans to increase this figure to approximately €8 billion by the end of 2026.
The company's diverse business segments, including the RTL Group and Penguin Random House, have contributed significantly to its growth. The RTL Group has achieved a 26.7% audience market share in Germany and its streaming services have seen a 41% increase in revenues. Penguin Random House has celebrated successes with best-selling books and the recent Nobel Prize for Literature awarded to author Han Kang.
The Arvato Group has shown dynamic growth in logistics, finance, and IT services, while Bertelsmann Marketing Services has faced challenges in the print sector but has thrived in book printing in the U.S.
The Bertelsmann Education Group has reported positive developments, particularly in online education for the U.S. healthcare sector and the recent acquisition of a medical school in Brazil.
Bertelsmann's commitment to climate neutrality by 2030 further demonstrates its dedication to responsible business practices.
Overall, Bertelsmann's diverse portfolio, strategic investments, and innovative approaches position it well for future success.