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Julien Rochedy

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rtl group faces significant stock decline amid advertising market challenges

RTL Group has revised its annual revenue forecast down from €6.6 billion to €6.3 billion due to ongoing weakness in the TV advertising market and reduced production revenues. The company's stock has suffered significantly, hitting a record low of €23.65 amid these challenges, with analysts downgrading their ratings and target prices. Despite growth in its streaming segment, the overall financial outlook remains bleak as the media conglomerate grapples with a declining advertising business.
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Euro RTL Group S.A. LUX Conor O'Shea Julien Rochedy Adam Berlin Julius Stinde Show more
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20:55 21.11.2024
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