TF1 H1 revenue up 27.8%
July 28, 2021
French broadcaster TF1 has reported first-half consolidated revenue up 27.8 per cent at €1.12 billion – close to 2019 levels.
Group advertising revenue was €802.5million, a year-on-year rise of €187.5million (+30.5 per cent). This sharp increase was mainly driven by strong momentum in TV advertising during the second quarter, the Q2 2020 comparative having been affected by the first lockdown.
Revenue from other activities amounted to €326.2 million, up €57.7million (+21.5 per cent).
Content production activities at Newen posted strong revenue growth compared with the previous year, when most shooting was suspended for nearly two months.
Current operating profitamounted to €169.1 million, an increase of €101.3 million versus the H1 2020 figure of €67.8 million. The H1 2021 figure includes a TV broadcasters tax credit of approximately €20 million, offset against an increase in impairment allowances due to a higher level of programme deliveries than in 2020.