Prosiebensat acquires streaming platform Joyn from Warner Bros. Discovery

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Reuters UK

BERLIN (Reuters) -Prosiebensat 1 Media SE has revised lower its 2022 core earnings outlook after acquiring the remaining 50% of shares in streaming service Joyn from Warner Bros. Discovery, the German media company said on Tuesday. The company expects the full consolidation of Joyn to make a 25-million-euro dent in 2022 adjusted earnings before interest, tax, depreciation and amortization (EBITDA). As a result, it revised down its outlook for 2022 adjusted EBITDA to 780 million euros, with a variance of plus/minus 25 million euros, versus a previously forecast 805 million euros plus/minus 25 m…

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