TF1 Group Q1 up 3.5%
April 28, 2017
French media company TF1 Group, the owner of channel TF1, the largest European private TV channel, has reported its Q1 figures.
Consolidated revenue for the first quarter of 2017 reached €498.9 million, up €17 million (3.5 per cent year-on-year).
The Group saw advertising revenue of €365.1 million, up 2.5 per cent, including a rise in advertising revenue for the free-to-air channels (up 2 per cent). This revenue growth was driven mainly by stronger revenue from the Group’s DTT channels, a very good performance in sponsorship following recent regulatory changes, and an increase in digital advertising revenue.
Current operating profit reached €36.3 million, up €21.5 million year-on-year. This performance is due partly to the effects of the cost-cutting and programming optimisation strategy applied from the autumn of 2016, and partly to the fact that the scheduling of some programmes (The Voice, Koh-Lanta, and some French dramas) has been shifted to a later date than in the previous year. Recurring cost savings of €7 million were achieved under the “Recover” plan during the first quarter.
The TF1 group continued to roll out its multi-channel strategy in the first quarter. The five free-to-air channels attracted a combined audience share of 28 per cent among individuals aged 4 and over (+0.7 of a point year-on-year).