M6 : Q1 in line with TV advertising revenues down as expected but a good showing in radio
>Decline in the advertising trend in Q1 as expected - M6 this morning released its Q1 2023 results which were in line with our expectations with a fall in advertising revenues of -2.4% (whereas we expected -2%). EBITA came € 59.5m, in line with forecasts, whereas we looked for € 58m. The quarter was challenging owing to a persistent wait-and-see stance on the market. The radio arm posted a good performance in Q1. The group is not holding a conference call but is organ...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.