Report
Jerôme Bodin

M6 : Un très bon T3 sur la rentabilité mais visibilité très faible sur le T4

>Un bon T3 mais ralentissement probable au T4 - M6 a publié hier soir son CA T3 qui ressort supérieur à notre attente avec une croissance organique publicitaire de 1% (vs +0,5% attendu). Rappelons que la chaîne Gulli est consolidée depuis septembre 2019. Sans surprise, la tendance publicitaire est en nette amélioration par rapport au T2 (-44%), ce qui devrait être le cas de tous les diffuseurs européens. Le point très positif de la publication est l’indication d’EBITA...
Underlying
Metropole Television SA

Co. is engaged in the media industry, primarily television edition & broadcasting. Co.'s operations can be divided into three segments. In the Free-to-Air segment, Co. operates a Free-to-Air terrestrial TV network, financed exclusively by advertising. In the Digital TV segment, Co. broadcasts many digital channels. In the Diversification & audiovisual rights segment, Co. purchases audiovisual rights. Co. is also engaged in distance-selling business, allows viewers to play an active role in the unfolding of programs proposed to them, develops mobile phone content; publishes a family of websites, organizes events & shows, & manages football Club des Girondins de Bordeaux.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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