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Globo suffers 11% drop in FY revenue

Tuesday 30 March 2021 | 10:00 CET | News
Brazilian broadcasting group Globo ended 2020 with turnover of BRL 12.5 billion, down 11 percent on 2019, reports Teletime. In the same period, advertising revenue on free-to-air TV channels dropped by 20 percent, while the pay-TV subscriber base fell by 5.6 percent. On the plus side, revenues at the Globoplay internet TV distribution platform grew by over 100 percent year-on-year, compensating for the drop in the pay-TV market.

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Categories: Broadcast & Satellite
Companies: TV Globo
Countries: Brazil
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