Métropole Télévision (MMT) Q1 2025 earnings summary

Executive summary

• Consolidated revenue for Q1 2025 reached €314.9M, driven by record video advertising since 2019.

• Video advertising revenue rose 0.8% year-over-year to €222.0M, offsetting declines in non-advertising revenue.

• EBITA stood at €48.1M, impacted by higher streaming costs and lower production & rights performance.

Financial highlights

• Consolidated revenue declined 2.3% year-over-year; non-advertising revenue fell 13%.

• Streaming revenue grew 26% year-over-year, now 9.9% of total video revenue.

• Net cash position improved to €277.6M from €256.5M at year-end 2024.

• Shareholders to receive a €1.25 dividend per share, yielding 11.1%.

Outlook and guidance

• Q2 2025 expected to decline versus Q2 2024, which benefited from Euro 2024 broadcast.

• Visibility for the remainder of 2025 remains low due to global economic and political uncertainties.