The highest growth media companies in Europe - by revenue
Following last week’s analysis of the worst performing media companies in Europe, we thought we’d spread some positive Christmas cheer and share insights into the best performing media companies in Europe - with the general message that it’s not all doom and gloom in the world of media, and there’s plenty of scope for growth still left for established media companies.
TV companies dominate the highest growth European media companies, but surprisingly it's Persgroep, a Belgian-based newspaper and magazine publishing company, that saw the highest growth - growing revenues by 52% to €1.3 billion, with an EBITDA of €198 million. This growth was largely driven by its acquisition of Danish publishing group Berlingske Group, cementing its position as the leading media player in Northern Europe - with activities across Belgium, Holland and Denmark.
The highest growth media companies in Europe - by revenue growth
- Persgroep (Belgium, publishing): €1.3 billion revenue, 198 million EBITDA and 52% revenue growth
- ITV (UK, TV): €3.38 billion revenues, 1 billion EBITDA and 15% revenue growth
- ProSiebenSat.1 (Germany, TV): €3.3 billion revenue, 780 million EBITDA and 13.4% revenue growth
- Axel Springer (Germany, publishing): €3.3 billion revenue, 560 million EBITDA and 8.5% revenue growth
- Vivendi (France, Conglomerate): €10.7 billion revenue, 1.23 billion EBITDA and 6.7% revenue growth
- SKY (UK, TV): €13.14 billion revenue, 2.36 billion EBITDA and 5% revenue growth
Outside of pure acquisition-based growth, TV companies saw strong organic revenue growth with both the UK’s ITV and Germany’s ProsiebenSat.1 both seeing double digit growth at 15% and 13.4% respectively. Digital revenues for both these companies remains low, although online is definitely a high growth area with ITV seeing a 42% growth in online viewing of its TV programmes.
Germany’s Axel Springer is worth highlighting, as they’ve historically been deeply-focused on print, with titles like Germany’s national Bild title. In recent years Axel Springer have refocused its business to digital, and now clearly states its mission to be ‘the leading digital publisher’. Axel Springer generates its largest share of revenue from classifieds, showing 47% classified revenue growth in 2015. Its second largest revenue stream is subscriptions. Like many successful European media companies, geographic diversification is increasingly important and as US companies like Facebook, Google and Buzzfeed start to eating their lunch in their German home market, Axel Springer is starting to expand into the US via its Business Insider acquisition.
The one single common factor across all these high-growth media companies is quality content, with each of the top European media companies having a strong focus on quality content production. ITV in particular has seen its ITV Studios revenues clime 33% to c.€1.5 billion - with programmes like Poldark and Coldfeet, along with formats like The Voice and I’m a Celebrity . . . Get me out of here!