Métropole Télévision (MMT) Q1 2026 earnings summary

Executive summary

• Audience share for free-to-air channels rose 0.4 points to 20.6% among 25-49 year olds in Q1 2026.

• EBITA and operating margin improved despite a 5.5% revenue decline year-over-year.

• Streaming revenue surged 23.6%, now 12.7% of Video Division revenue.

• Audio segment achieved highest growth among mainstream radio stations in Q1 2026.

Financial highlights

• Q1 2026 consolidated revenue was €297.7 million, down 5.5% from Q1 2025.

• Group advertising revenue fell 5.9% year-over-year, with video advertising down 7.0%.

• EBITA increased by €1.0 million to €49.1 million, with operating margin up 1.2 points to 16.5%.

• Streaming revenue grew to €30.5 million, up €5.8 million year-over-year.

Outlook and guidance

• Exclusive broadcast of FIFA World Cup matches expected to boost viewership and ad revenue, but negatively impact operating profitability.

• Streaming revenue targeted above €200 million by 2028, with over 1 billion hours viewed.

• €80 million cost-saving plan to be implemented by 2030.