TF1 : Q2 EBITA a shade below expectations but the advertising revenue trend remains robust, estimates unchanged
>Good advertising momentum driven by the Euro - TF1 yesterday reported Q2 2024 results that came in a shade below our expectations with Q2 EBITA of € 91.5m, whereas we looked for € 105m, but practically in line with the consensus (€ 94m). The main difference with our estimates stems from programming costs that were higher than we expected (Euro 2024 and investment in the launch of TF1+). The advertising trend was robust in Q2 driven by the Euro 2024 but also thanks to...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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