In Q2 22, group advertising revenue declined due to a very high comparative yoy. In H1 22, total advertising revenue was up +1.6% and Newen Studios revenue grew by +9% including acquisitions. The current operating margin improved to 15.9% of revenue (+0.9pt) after lower programming costs considering no major sport events. Regarding the proposed M6/TF1 merger, a first unfavourable opinion has come in with the report of the case team of the French competition authority. pointing to competition con ....
