TF1: Q3 earnings more than tripled

(CercleFinance.com) - TF1 Group reported Q3 revenues of 477 million euros, up 1.
8% y-o-y.

Meanwhile, net income, group share increased by 3.5x, from 10.5 million euros to 38.7 million euros.

However, consolidated revenue over the first nine months of 2020 reached 1,361.4 million euros, down by 253.2 million euros (-15.7%) from the same period last year.

The current uncertainties about the evolution of the Covid-19 epidemic in France and the lack of visibility that currently concerns many economic players (companies, households, etc.) mean that, at this stage, it is not possible for TF1 to set new targets for the end of the year or for 2021. Revenues in Q4 should largely depend on changes in advertisers' behaviour.


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