TF1 (TFI) investor relations material

Company overview and recent history

• Expanded digital presence with TF1+ launch, aiming to lead free streaming in France and French-speaking markets.

• Studio TF1 rebranded as STUDIOTFI, acquiring a majority stake in a US TV movie producer.

• Discontinued Salto SVOD, secured a 10-year DTT broadcast agreement, and advanced environmental goals.

• Revenue streams include broadcasting, streaming, content production, and distribution.

Strategic direction and market trends

• Focus on being the top premium destination for family entertainment and news in French.

• Strategy centers on linear ad market leadership, streaming dominance, and international production growth.

• Digital video ad market now surpasses linear TV, with 77% of households owning connected TVs.

• TF1+ leverages aggregation, distribution deals (e.g., Netflix), and micropayments to boost reach and monetization.

Financial performance and segment analysis

• FY25 group revenue €2,297m, broadly stable year-on-year; Studio TF1 revenue up 9.2%.

• Group advertising revenue declined 4.3% to €1,574m, but digital ad revenue grew 35.8%.

• FY25 margin from activities at 11.0%, within revised target range.

• H1 2026 revenue €993m, down 6.4% vs. H1 2025; digital revenue up 17.1%.

• Net cash position at end-June 2026: €432m.