TF1 had a rather good set of figures in Q1 21. Revenue was up by 3.2%, despite a moderate increase in advertising revenue (+0.6%). The performance was better at the operating income level (+35% to €56.8m) thanks to the improvements in the contribution of all divisions and the moderation in broadcasting network costs. In the short term, the reopening of the economic activities should be positive on advertising revenue. Production has not stopped and Newen’s order book has increased.
29 Apr 2021
Good set of figures in Q1 21
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Good set of figures in Q1 21
- Published:
29 Apr 2021 -
Author:
Hélène Coumes -
Pages:
3
TF1 had a rather good set of figures in Q1 21. Revenue was up by 3.2%, despite a moderate increase in advertising revenue (+0.6%). The performance was better at the operating income level (+35% to €56.8m) thanks to the improvements in the contribution of all divisions and the moderation in broadcasting network costs. In the short term, the reopening of the economic activities should be positive on advertising revenue. Production has not stopped and Newen’s order book has increased.