TF1 (TFI) Investor presentation summary

Company overview and recent history

• Operates across broadcasting, streaming, and content production, with major brands in TV and digital media.

• Recent years saw the launch of TF1+, expansion into French-speaking markets, and acquisition of a US production group.

• Discontinued Salto SVOD, renewed key distribution agreements, and rebranded Newen Studios as STUDIOTFI.

Strategic direction and market trends

• Aims to be the leading premium destination for family entertainment and news in French.

• Focuses on strengthening leadership in linear advertising, expanding TF1+ as the top free streaming platform, and growing international production.

• Capitalizes on the shift to on-demand video and connected TV, with digital video ad revenue surpassing linear TV.

Financial performance FY 2025

• Group revenue at €2,297m, down 2.5% year-on-year; Studio TF1 revenue up 9.2% to €376m.

• Advertising revenue declined 4.3% to €1,574m, but TF1+ ad revenue grew 35.8%.

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

• Net cash position strengthened to €515m, up €9m year-on-year.