RTE Commercial Enterprises sees earnings jump a year after hit from Toy Show The Musical losses
Pretax profits doubled at RTE’s commercial arm to €11.44 million last year on the back of renewed digital distribution deals for shows concluded in respect of RTÉ Player licensing.
The profit share from GAA Go was an 18pc increase on the profit share of €323,000 in the prior year as revenues at the GAA Go joint venture doubled from €2.4 million to €5.06 million in 2023. The directors state that Programme Interaction Competitions revenues “experienced another challenging year and were flat year on year as the level of audience engagement with TV competitions has not returned to pre-Covid levels”.
They state that advertising revenue for the RTÉ Guide also declined year on year as the magazine advertising market proved challenging.
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