The Q4 22 was impacted by lower TV advertising revenue (-9.9%) due to the broadcasting of the FIFA World Cup on the TF1 channel. The EBITA margin reached 29.6% of revenue (+1.4pt). In 2022, the top line was weak and the EBITA margin improved to 24.6% of revenue (+1.1pt restated from the government support) thanks to lower programming costs and synergies between the M6 channel and the radio. The operating loss and cost of the liquidation of Salto impacted the net profit.
