In 2021, revenue growth was significant and driven by advertising revenue (+14.3%) and Newen Studios (+43%, +20% organically). The current operating margin improved strongly (14.1% of revenue, 12.9% restated from tax credits granted during the pandemic). There is no guidance for 2022. The expected strong economic environment in France should support the advertising market. TF1 can count on the signing of distribution agreements, the growing of segmented TV, the development of Newen Studios and t ....
