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Métropole Télévision (MMT) investor relations material
Métropole Télévision Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Record Q3 audience performance, with 25-year-high share across all viewers and all-time-high share among 25–49-year-olds; streaming hours viewed on M6+ rose 31% YoY.
Q3 revenue rose 9.4% to €294.5m and EBITA increased 4.2% to €39.0m; net cash increased €166.7m during the quarter.
Financial highlights
Q3 consolidated revenue was €294.5m, up 9.4%; 9M revenue was €938.2m, up 4.0%.
Q3 advertising revenue rose 3.8% to €229.1m; video advertising increased 6.2% to €199.2m, while other advertising declined 9.8% to €29.9m.
Q3 non-advertising revenue grew 34.7% to €65.3m, supported by cinema and World Cup-related revenue.
9M streaming revenue increased 21.8% to €101.1m; 9M EBITA was €93.4m versus revenue of €938.2m.
Outlook and guidance
Political, geopolitical and economic uncertainty in France is expected to weigh on activity in the remainder of 2026; advertising-market visibility remains limited.
Maintain agile cost management and continue the M6 2030 plan, targeting €80m of annual cost savings within five years.
Continue streaming expansion, supported by Amazon Prime and Disney+ agreements.
- Best Q1 video ad results since 2019, strong streaming, but cinema and non-advertising revenue fell.MMT
Q1 2025 - World Cup success drove record revenue and streaming, but profits fell on higher costs.MMT
Q2 2026 - Streaming and digital growth offset declines in traditional revenue, with strong audience gains.MMT
AGM 2026 presentation - Operating margin and EBITA rose in Q1 2026, offsetting revenue decline amid streaming growth.MMT
Q1 2026 - Streaming and audience gains offset profit decline; EUR 1.25 dividend proposed.MMT
Q4 2025 - Q3 saw stable ad revenue, strong streaming growth, and improved margins amid market uncertainty.MMT
Q3 2025 - Revenue fell 3.7% to €632.7m, but streaming growth and cost control supported margins.MMT
Q2 2025 - Streaming revenue surged 35% while EBITA dropped 17.7% amid rising content costs.MMT
Q3 2024 TU - Revenue up 5.6% to €656.9m, but EBITA down 11.1% as streaming costs rose.MMT
H1 2024
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