XTRA:PSMMedia
ProSiebenSat.1 Media (XTRA:PSM) Stock Profit Returns As Revenue Still Slides
ProSiebenSat.1 Media has been trading like a recovery story in progress, with the stock up about 14% over the past month and modest gains over the past week into this earnings print. The headline this quarter is simple: profit has returned, even if the top line remains under pressure.
Q2 basic earnings per share came in at €0.07, with net income of €16m on revenue of €768m. That is a clear break from the recent run of quarterly losses. The market now has to decide whether this is a one...