(Boursier.com) — The group’s consolidated turnover for the third quarter of 2023 TF1 amounted to 509.4 million euros, or -6.0% (at constant scope). The Group’s advertising revenue stood at €350.8 million, up 9.7% (at constant scope), driven in particular by the broadcast of the Rugby World Cup.
Newen Studios’ turnover amounted to 64.2 million euros, or -54.1%, impacted by a strong base effect.
Current operating income from activities (ROCA) stood at 51.7 million euros in the third quarter of 2023, an increase of 1.2%. The current operating margin of the activities stood at 10.1% (+0.9 pts), with an increasing Media margin (+1.1 pts) and a Newen Studios margin of 10.3% (+0.3 pt). Current operating profit stands at 50.6 million euros.
Operating profit amounts to 45.4 million euros and includes -5.2 million euros of non-current income and expenses, mainly linked to the rationalization of the Group’s real estate as part of the optimization plan. previously announced operating expenses.
Net profit, Group share, stood at 37.7 million euros, up 57.1% year-on-year.
Results Group for the first nine months
The consolidated turnover for the first nine months of 2023 of the TF1 group amounts to 1,547.5 million euros, or -8.4% (at constant scope).
Current operating income from activities (ROCA) stood at 204 million euros, or -16.1% over one year. The current operating margin of the activities stands at 13.2%, a level close to 2022.
The net financial surplus stood at 364.1 million euros at the end of September 2023 compared to 295.6 million euros at the end of September 2022, an increase of 68.5 million euros (+23.2% ) after payment of a dividend of 105.2 million euros last April.
The 2023 objectives are confirmed.