Endemol growth spurt continues in Q3
Empty"Big Brother" creator Endemol said Thursday that a sound performance in the first half continued into its third quarter, with the company enjoying growth in all genres and most of its territories.
Previous share gains were practically erased, though, as there was no news update about parent company's Telefonica's sale of the company.
"In the third quarter, we have continued to perform strongly across the group," Endemol CEO Elias Rodriguez-Vina said. "We are confident that the full-year results will continue to show growth in (revenue), and looking further ahead, we remain optimistic about the future of the group."
The company upgraded its 2006 revenue growth forecast from its previous guidance of 11%-13% to more than 15%.
Endemol's improved performance has been fueled largely by the success of "Deal or No Deal," which has enjoyed excellent ratings in most of the 45 territories where it has been produced so far this year, particularly in the U.S. and the U.K.
The success of "Deal" also has triggered an increasing demand for other game shows worldwide, helping the company close a number of deals in several territories for other formats. These include "1 vs. 100," a revamped format from Endemol's library, and new formats "Show Me the Money" and "Set for Life."
The "100" format already has been sold to 15 territories and is likely to roll out further in the near future thanks to its successful debuts in the U.S. on NBC and in the U.K. on BBC1, according to Endemol.
The show's mid-October launch on NBC scored the highest 18-49 demographic rating for any nonsports Friday telecast on any network since January 2005. NBC ordered 10 additional episodes just after its launch.
Reuters contributed to this report.