PBSFF - ProSiebenSat.1 Media SE (PBSFF) Q4 2023 Earnings Call Transcript
2024-03-07 15:30:31 ET
ProSiebenSat.1 Media SE (PBSFF)
Q4 2023 Results Conference Call
March 07, 2024 03:00 AM ET
Company Participants
Dirk Voigtlander - Head, IR and SVP
Bert Habets - CEO
Martin Mildner - CFO
Conference Call Participants
Annick Maas - Societe Generale
Tom Singlehurst - Citi
Presentation
Operator
Good morning, ladies and gentlemen. Welcome to the full year 2023 Result Conference Call of ProSiebenSat.1 Media SE. This conference is being recorded. Today's call is hosted by Mr. Dirk Voigtlander.
Please go ahead, sir.
Dirk Voigtlander
Good morning, ladies and gentlemen, and welcome to ProSiebenSat.1's full year 2023 investor and analyst conference call also from my side.
Our CEO, Bert Habets and CFO, Martin Mildner, will be hosting today's call. Bert will begin by presenting the operational and financial highlights of 2023. Martin will then provide detailed commentary on our financial performance and the dividend proposal for the financial year 2023. Following this, Bert will discuss the operational developments in last financial year and present the full outlook for 2024. As always, the presentation will be followed by a Q&A session.
With that, I would now like to hand over the call to Bert.
Bert Habets
Welcome, everyone, and thanks for joining our full year results call today.
Today we want to look back on the past with you. We want to share our expectations for 2024 and beyond, and we want to show you how to strengthen our business for the coming years, thus, shaping the future of entertainment. 2023 was a year of major change for our company. We put our new strategy in place and we are well on track with its execution today.
Entertainment is now at the core of our business. We work on expanding our digital business. We put our streaming platform, Joyn, at the center of everything we do. We want to focus on the freely accessible and ad-financed part of Joyn. With this, we strengthen Joyn's position as an AVOD offering in the market. This opens new monetization opportunities for us.
We can now offer our advertising customers more digital and smart advertising products on Joyn, and this creates new revenue streams. Also linked Joyn closer to our channels.
This is also reflected in the positive development of all our key performance indicators. Another digital business model with strong growth is our audio business. We have increased our advertising revenues in our podcasting business in the full year 2023, and we are ready to expand here even more....
ProSiebenSat.1 Media SE (PBSFF) Q4 2023 Earnings Call Transcript