ORF budget 2024 approved: 1.083 billion euros for Austrian Broadcasting

The ORF Foundation Board of Directors approved a budget of 1.083 billion euros for 2024; The majority of the income comes from the ORF contribution.

At the last meeting of the year, the ORF Foundation Board of Directors unanimously approved the financial plan for 2024 and the annual publication programs were also approved. The 2024 financial plan foresees total revenue of approximately 1.083 billion euros, an increase compared to the previous year. A significant part of this income comes from the ORF contribution that will be collected starting from 2024. Despite a slight decrease in advertising revenues of around 200 million euros, ORF exceeded expectations in the field of online advertising.

Personnel costs of 387 million euros

Another important item in ORF’s 2024 budget is personnel expenses. These are estimated at over 387 million euros; This represents a significant increase of approximately 23 million euros compared to the previous year.

Entertainment etc. more money for

ORF plans to spend around 460 million euros on administrative expenses; This represents an increase of 33 million euros compared to the previous year. These funds; It will be used for a variety of program areas, including information, entertainment (new series such as “Monsters”) and service, culture and sports. There are also plans to invest in technology and more money should be allocated to state studios.

ORF 2024 budget at a glance

  1. Total budget: ORF plans a total revenue of 1.083 billion euros for 2024. This includes an increase compared to the previous year.
  2. ORF contribution: A significant portion of the income comes from ORF contribution. Here, ORF generates an income of 721.9 million euros from the ORF contribution to be collected as of January 1, 2024, of which approximately 683 million euros remains net.#
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  3. Program and program-related costs: ORF plans to spend approximately 460 million euros on administrative expenses; This represents an increase of 33 million euros compared to the previous year. These funds will be used for various program areas:
    • information: 213 million euros, including 3.4 million euros for the technology of the new streaming player ORF On.
    • Entertainment and service: Approximately 168 million euros, including new series and increased state studios and ORF 3 investments.
    • Culture: €126 million, with additional funds for ORF 3 and state studios.
    • sports: 120 million euros, an increase of 17.5 million euros due to upcoming major sports events.
  4. Personnel costs: Personnel expenses for 2024 are planned to be over 387 million euros, which means an increase of approximately 23 million euros compared to 2023.
  5. Advertising revenue: A decline in advertising revenue of up to almost 200 million euros is expected, but ORF is exceeding expectations in the field of online advertising, with almost 24 million euros planned for 2024.
  6. Austerity measures: ORF has committed to deliver savings of €325 million from 2023 to 2026. This includes salary advances and annual savings to offset inflation.
  7. Result prediction: A positive result of 10.3 million euros before tax is expected for 2024; After deducting the sales revenues of Funkhaus Wien, ORF is left with 0.3 million euros.

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Source: Vienna

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