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Métropole Télévision (MMT) investor relations material
Métropole Télévision Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary29 Jul, 2025
Executive summary
Achieved best TV audiences in three years, with strong commercial target gains and RTL radio showing consecutive growth waves.
Streaming platform M6+ reported user growth of 35%, hours viewed up 17%, and revenue up 32.5%, supporting digital transformation.
Maintained high operating margin through cost control, despite a 3.7% revenue decline and no major sports events.
Expanded through acquisitions, including Full Dawa Production, LMX 74, and La Boîte Aux Enfants, strengthening content and diversification.
Attracted key talent and reinforced content offering, especially in entertainment and information.
Financial highlights
H1 2025 consolidated revenue: €632.7M, down 3.7% year-over-year; EBITA: €105.9M, down 11.8%; operating margin at 16.7%.
Net income for H1 2025: €57.9M, down from €85.3M in H1 2024, impacted by a one-time exceptional tax charge of €11.6M.
Streaming revenue reached €58.6M, up 32.5% year-over-year and now 11.6% of video segment revenue.
Audio segment margin at 20.3%–20.4%, with revenue stable at €74.1M.
Cash flow from operations: €47.0M in H1 2025; net cash at period end: €103.9M.
Outlook and guidance
Advertising visibility for H2 remains low due to economic and political uncertainty; no extrapolation of H1 results for full year.
Growth objectives for streaming reaffirmed, targeting over €200M revenue and 1B hours viewed by 2028.
Continued investment in digital transformation, linear TV, and content recruitment.
Ongoing cost management to mitigate macroeconomic risks and maximize advertising performance.
M&A strategy remains opportunistic, seeking long-term EBITDA potential.
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Next Métropole Télévision earnings date
Q3 202528 Oct, 2025
Next Métropole Télévision earnings date
Q3 202528 Oct, 2025
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Frequently asked questions
Métropole Télévision S.A., commonly known as M6 Group, operates a diverse range of media and entertainment services primarily within the French market. The company’s core activities include the operation of the M6 television channel, one of France's major commercial TV stations. Beyond television broadcasting, M6 Group is involved in radio broadcasting, film production, and distribution through subsidiaries like M6 Films. Additionally, the company offers digital media services, including video-on-demand platforms and content streaming. M6 Group also has interests in e-commerce and home shopping through various channels. The company is headquartered in Neuilly-sur-Seine, France, and its shares are listed on the Euronext Paris.
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