Q2 23 was below expectations. The trend in revenue deteriorated in Television, while the performance remained well oriented in Radio. Television was impacted by a decrease in advertising revenue (-9.4% in Q2 23 vs -2.4% in Q1 23). This had a strong impact on the group’s EBITA margin (-2.5pts to 21.7% of revenue). The advertising market remains uncertain in the coming quarters. M6 is in exclusive negotiations with Prisma Media to sell its thematic online media and services.
