TF1: net income, Group share of 191.9ME in 2023 (+9.0%)
February 15, 2024 at 04:27 am EST
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The TF1 group's consolidated sales for the fourth quarter of 2023 totaled 749.2 million euros, down 2.4% on 2022.
Recurring operating income from activities (ROCA) came to 83.4 million euros, up 5.6%. The operating margin on ordinary activities was 11.1% (+0.8 pt). Net income, Group share came to 52.8 million euros, up 27.4% on 2022.
The TF1 Group's consolidated sales for 2023 amounted to 2,296.7 million euros, down 6.7% on 2022 (on a like-for-like basis). Group advertising sales amounted to 1,606.4 million euros, down 2.1% on 2022 (on a like-for-like basis).
Operating income totaled 253.2 million euros, including -29.5 million euros in non-recurring income and expenses. Net income, Group share came to 191.9 million euros, up +9.0% on 2022, benefiting in particular from the discontinuation of SALTO.
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TF1 is a major player in the French audiovisual sector, active in the publishing, production and broadcasting of content. Net sales break down by activity as follows:
- Media (85.7%): a leading content offering and linear and digital advertising revenues, including 5 free-to-air channels (TF1, TMC, TFX, TF1 Séries Films and LCI), 4 theme channels (Ushuaia TV, Histoire TV, TV Breizh and Série Club), 3 on-demand content platforms (MYTF1, TFOU MAX and Salto) and the TF1 PUB advertising airtime sales house. The group also operates in music production and live shows with Muzeek One;
- Audiovisual production (14.3%; Newen Studios): production of content according to a differentiating multi-genre strategy (TV films, daily, fiction, distribution, animation, documentaries, etc.).
Net sales are distributed geographically as follows: France (85.7%), Continental Europe (11.4%) and other (2.9%).