The TF1 group is continuing to evolve within a tough context with low visibility on its advertising revenues for the coming months (as a reminder, Q4 remains an important period with c.30% of the total year’s level). Combined with disappointing H1 results and few indications given so far by the new management on its transformation plan, this is currently weighing on its share price (-10% year-to-date and at a three-year low).
