ProSieben lifts outlook as entertainment, e-commerce bolster first quarter

BERLIN (Reuters) - German broadcaster Prosiebensat.1 Media raised its outlook for revenue and profit this year, as its strategy of diversifying away from relying on television advertising helped it eke out top-line growth.

Revenue growth of 1% and a 9% decline in core profit in the first quarter both slightly beat market expectations, lifted by strength in ProSieben's television productions and sales, and in its dating and e-commerce divisions.

(Reporting by Douglas Busvine, editing by Kirsti Knolle)