Métropole Télévision (MMT) Q3 2026 earnings summary

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.