NRJ Group Reports Modest Revenue Growth in 2024

NRJ Group announced a modest increase in consolidated revenue for 2024, with a rise of 1.1%. Despite challenges in the Radio and Television divisions, the Broadcasting division showed robust growth. The Radio division saw a minor decline of 0.8% in the fourth quarter, attributed to a high benchmark from 2023. Annually, radio revenue remained stable at €240.2 million. International markets countered domestic declines with a 5.7% rise.

Television revenue slightly dipped by 0.9% in Q4, affected by issues surrounding NRJ 12, despite a dynamic first half of the year. Overall, television revenue was stable at €76.0 million. Meanwhile, the Broadcasting division reported a significant 6.5% annual increase, driven by advancements in DAB+ and the RadioKing acquisition.

The group's strategic decisions to leverage brand strength and digital innovation continue to underpin its market position, as they navigate regulatory changes and shifting advertiser behaviors. The company's outlook hinges on legal developments concerning NRJ 12's DTT status.