TF1 : A good Q3 but Q4 will likely be weaker in our view
>Advertising trend tops expectations for Q3 2023 - TF1 held a conference call on Friday following the publication of its Q3 2023 results, which came in slightly ahead of our expectations, with EBITA totalling € 52m, compared with our forecast of € 47m (in line with the consensus). Advertising trends came in above our expectations and those of the consensus, boosted unsurprisingly by the broadcasting of the Rugby World Cup, but also by a highly favourable base effect (...Television Francaise 1 is a French general-interest television channel. Co. is an integrated communications group. Its activities cover the whole of the audiovisual industry: upstream in production, acquisition and sale of audiovisual rights and also in distribution of feature films to cinemas; downstream in sale of advertising space, and publishing and distribution of DVDs and music CDs. Co. is also engaged in home-shopping TV with Teleshopping, and pay-TV market. In addition, Co. produces multimedia content. Its activities can be divided into four sectors: Broadcasting France, Broadcasting International, Audiovisual Rights and Other Activities.
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.
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