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Métropole Télévision (MMT) investor relations material
Métropole Télévision Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
EBITA/EBITDA reached €214 million with a 17% margin, demonstrating strong performance despite a challenging advertising market and ongoing digital transformation.
Consolidated sales were €1.256 billion, with €1.032 billion from advertising and €225 million from non-advertising revenues.
Net income group share was €123 million, down 28.6% year-over-year, impacted by operational declines and accounting items.
Audience shares reached record levels across key TV and radio segments, with best TV audience growth in the market and significant streaming gains.
Strategic investments in programming and streaming, alongside careful cost management, supported operational profitability above peers.
Financial highlights
Streaming revenue grew 27% year-over-year to €126.3 million.
Video advertising revenue was €884 million, down 3.1%, outperforming a market decline of 8%.
EBITA declined 11.8% year-over-year, with a 17% margin.
Net cash and cash equivalents ended at €140 million, down from €332 million the previous year.
Dividend of €1.25 per share proposed, with payout ratio between 91% and 115%.
Outlook and guidance
Exclusive free-to-air broadcast rights for all 54 FIFA World Cup 2026 matches, expected to boost audiences and advertiser visibility.
Streaming revenue target above €200 million and over 1 billion hours viewed on M6+ by 2028 confirmed.
€80 million cost reduction plan to be completed by 2030, focusing on production, process simplification, and technical costs.
Operational cash flow and free cash flow are expected to improve due to lower tax outflows and World Cup receipts.
Anticipated negative impact on operating profitability in 2026 from World Cup rights, but positive cash flow as most rights are prepaid.
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