Bernstein keeps RTL Group stock at Market-Perform

Published on 10/07/2026 at 14:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RTL Group stock costs EUR 28.68 on October 7, 2026 versus EUR 28.65, plus 0.10 percent. Revenue grew 3.90 percent to EUR 2.9 billion in 2026's first half.

Architektur-Render eines Glasturms mit Sendeantenne bei Dämmerung am Wasser — RTL Group LU0061462528 illustriert einen gläsernen Medien-Hauptsitzturm mit Sendemast zur blauen Stunde, Illustration mit AI erstellt.

RTL Group (LU0061462528) was trading at EUR 28.68 at Lang & Schwarz on October 7, 2026 at 2:31 p.m. CEST, plus 0.10 percent versus the prior close of EUR 28.65. On September 15, 2026, Bernstein Research kept RTL Group at Market-Perform with a EUR 30.00 price target, according to finanzen.ch.

Streaming lifts adjusted EBITA

In the first half of 2026, RTL Group revenue grew 3.90 percent to EUR 2.9 billion, while adjusted EBITA increased from EUR 160 million to EUR 239 million, according to Yahoo Finance in its transcript of the August 11, 2026 earnings call. The adjusted EBITA margin rose from 5.80 percent to 8.30 percent in the same period, according to Yahoo Finance.

Streaming revenue grew 27.00 percent in the first half of 2026. RTL Group also lifted its streaming adjusted EBITA outlook to EUR 100 million for full-year 2026 from a previous range of EUR 25 million to EUR 50 million, according to Yahoo Finance.

Sky changes the earnings mix

The Sky Deutschland acquisition contributed EUR 61 million to adjusted EBITA in the first half of 2026, while RTL Group confirmed a EUR 250 million synergy target over the next three years, according to Yahoo Finance. The figures show why the acquisition is central to the earnings story, but the June contribution was seasonally favorable and does not represent a full-year run rate.

Fremantle provided a counterweight in the first half of 2026, with revenue down 7.70 percent year over year to EUR 835 million, according to Yahoo Finance. Management expects major productions in the second half of 2026 to support a return to slight full-year revenue growth.

RTL stock stays below yearly high

RTL Group stock was 26.46 percent below its EUR 39.00 52-week high on October 7, 2026, based on the Lang & Schwarz price of EUR 28.68. The stock is listed on Xetra under RRTL in EUR, according to el fondo.

The further course of trading is shown by the continuously updated real-time quote of RTL Group stock.