TF1: 9m earnings up 45%

(CercleFinance.com) - Media group TF1 has published 9m 2019 net income, group share that is up 45.
1% at 117.8 million euros, with an underlying operating margin that is up 3.4 points over the same period, at 11.4%.

Meanwhile, revenues increased by 2.5% to 1,614.6 million euros, including advertising revenues of 1,158.4 million euros, up 0.6%, despite a 1.7% decrease in advertising revenue for the Broadcasting segment due to a particularly tough third-quarter comparison basis.

9m 2019 results confirm TF1's ability to improve profitability in line with its target. The group therefore reiterates its guidance, including a double-digit underlying operating margin rate in 2019.


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