ProSiebenSat.1 unable to issue 2021 guidance

German commercial broadcasting giant ProSiebenSat.1 Media admitted at an investment bank conference last week that while its advertising revenues had picked up in November and thus making the October-November period to be broadly flat (compared with 2019) and December still had potential for a latish surge in advertising.

Source: ProSiebenSat.1 unable to issue 2021 guidance