For the year through September, revenue stood at 14.6 billion euros ($15.59 billion), up from the previous year's figure of 14.4 billion, the German media, services and education conglomerate said in a press release.

RTL, Bertelsmann's biggest subsidiary which brings about a third of profits, earlier today cut its annual guidance for a second time this year after reporting lower year-on-year revenues, weighed down by a weak advertising market.

"Despite an overall social situation that continues to be challenging, a circumstance that is particularly felt in our TV advertising business, we have achieved a new revenue record," said Bertelsmann's chief executive Thomas Rabe, who is also a head of RTL Group.

The company sees operating earnings before interest, taxes, depreciation, and amortization (EBITDA) declining in 2023 as it discounts Majorel's contribution to results as of November this year.

Bertelsmann had said in April it would sell its 39.5% stake in personnel outsourcing firm Majorel to another staffing company, Teleperformance, in a deal valuing the entire company at around 3 billion euros.

The main growth drivers at Bertelsmann in the first nine months of 2023 were the Penguin Random House publishing group, music company BMG, the Arvato services business and the Bertelsmann Education Group, the German firm said.

($1 = 0.9367 euros)

(Reporting by Andrey Sychev and Louis van Boxel-Woolf; Editing by Maria Sheahan)