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Bertelsmann Keeps €1 Billion Profit as RTL Pins Growth on Sky Germany Deal

A European Commission ruling on the Sky takeover will determine whether RTL can close the gap to Netflix.

Overview

  • Bertelsmann reported 2025 results Thursday, holding net profit at €1.0 billion on flat €19.0 billion in revenue.
  • Adjusted operating profit slipped to €3.0 billion from €3.1 billion, which the company linked to currency moves and portfolio changes.
  • The group invested about €2.1 billion in 2025 and says it has put roughly €7 billion into growth since 2021, while reaffirming a €24 billion midterm revenue goal.
  • RTL’s planned purchase of Sky Deutschland is under European Commission review with a decision expected in the first half of 2026.
  • Management says the deal would add about 5 million Sky customers and lift RTL’s German base toward 12 million, as RTL+ gained roughly 250,000 subscribers in January and February and Netflix sits near 15 million.