RTL Group S.A., Europe's leading audiovisual group, has been given a neutral rating by UBS. The company's revenue primarily comes from operating TV channels and radio stations, which accounts for 65.8% of its sales.
RTL Group holds stakes in 56 TV channels, including well-known names such as RTL Television, M6, and Antena 3, as well as 36 radio stations, with RTL being France's top radio station. Apart from broadcasting, the company also earns revenue from the production and distribution of TV programs (29.7%) and marketing audiovisual rights (4.5%).
Advertising space is the main source of revenue for RTL Group, making up 51.5% of total sales, followed by audiovisual rights at 40.4%. The company's sales are concentrated in Germany (36.1%), France (18.9%), and the USA (13.9%), with additional contributions from the Netherlands, UK, Belgium, and other regions.