Television Francaise 1 Sa · EURONEXT:TFI
Television Francaise 1 Sa — TF1 Group — H1 2026 Earnings Presentation
18 slides from Television Francaise 1 Sa's earnings presentation, Jul 24, 2026
Slide 1: H1 2026 Results
H1 2026 Results 24 July 2026 KOH-LANTA
Slide 2: Disclaimer
Disclaimer This presentation contains rounded figures and forward-looking information and statements about the TF1 group. Forward-looking statements are statements that are not historical facts, and include, but are not limited to: financial projections, forecasts and estimates and their underlying
Slide 3: Highlights
Highlights Leadership maintained Strong Studio TF1’s in a challenging context growth in digital activity skewed towards H2 Group revenue Group advertising advertising revenue Studio TF1 revenue revenue Unmatched audience leadership W<50PDM 25-49 Y/O €993m €714m +18.6% €124m 33.2% 29.8% -6.4% vs Prof
Slide 4: Business review, Financials, Outlook, Q&A
01. Business review P.5 02. Financials P.9 03. Outlook P.14 04. Q&A P.17 4 H1 2026 financial results
Slide 5: Business review
01. Business review L’ÉTÉ 36 MONTMARTRE
Slide 6: Unmatched audience leadership in linear
Unmatched audience leadership in linear Strong ratings in each genre Audience leadership across key commercial targets French drama News Entertainment 33.2 +8.1 pts W<50PDM vs. main competitor 21.9 13.8 9.3 4.8 4.7 3.4 3.1 2.4 2.1 1.9 1.8 0.8 0.4 TF1 M6 F2 W9 TMC TFX F3 TF1 SF 6ter F5 Gulli LCI F.in
Slide 7: Update on streaming
Update on streaming Virtuous linear & streaming strategy Growing consumption and inventories 25-49 Y/O NON- LINEAR LINEAR1 Consumption Ad inventories CPM 78% 22% 42m 44m STREAMERS1 STREAMERS AD monthly average in June 2026, LOAD in H1 2026 new record CPM REALITY TV2 UNSCRIPTED +20% vs H1 2025 5MIN 4
Slide 8: H1 main deliveries for a wide pool of clients
H1 main deliveries for a wide pool of clients Daily shows Documentaries Revenue of €124m in H1 2026 Drama Unscripted Cinema Slightly down year on year Successful 1st theatrical release by the film distribution division: >700k admissions 8 H1 2026 financial results
Slide 9: Financials
02. Financials ZODIAQUE
Slide 10: Consolidated revenue per segment
Consolidated revenue per segment (€m) Q2 2026 Q2 2025 CHG.% H1 2026 H1 2025 CHG.% MEDIA • Advertising: Media 455 514 (11.4%) 869 975 (10.8%) o/w digital revenue 74 63 +16.8% 134 114 +17.1% ▪ Strong TF1+ growth, with new initiatives set to further contribute in H2 Advertising revenue 377 419 (10.0%)
Slide 11: Current operating profit from activities per segment
Current operating profit from activities per segment (€m) Q2 2026 Q2 2025 CHG. H1 2026 H1 2025 CHG. MEDIA • Premium programming maintained in Q1 Media 65 81 (16) 81 125 (44) to support the TF1 Prime / TF1 Reach new o/w programming costs (211) (230) +19 (433) (451) +19 segmentation • Q2 margin reachi
Slide 12: Consolidated income statement
Consolidated income statement (€m) Q2 2026 Q2 2025 CHG. H1 2026 H1 2025 CHG. Consolidated revenue1 521 583 (10.5%) 993 1103 (9.9%) Total costs of programmes (211) (230) +19 (433) (451) +19 Other charges, depreciation, amortisation and provisions (247) (265) +18 (484) (521) +37 Current operating prof
Slide 13: Solid net cash position at end-June 2026
Solid net cash position at end-June 2026 Free cash flow before changes in WCR €55 million 149 (6) 2 515 (1) (88) 432 (139) €m Free cash flow after changes in WCR €57 million Opening net cash Net cash Repayment of Net capital Changes in Acquisitions / Dividends / Closing net cash position at flow1 le
Slide 14: Outlook
03. Outlook SECRET STORY
Slide 15: Outlook
Outlook Linear A premium line-up in H2 LA COMTESSE DE MONTE CRISTO Top-performing unscripted programs A strong slate of new drama titles A solid sports line-up Digital Ramp-up of 3 initiatives to boost revenue Launch of mid-tail offer in Q2 On-going deployment of micropayments and signing of Cityz p
Slide 16: Full-year 2026 guidance maintained
Full-year 2026 guidance maintained with visibility remaining limited Capitalising on its strategy, on its new digital Against a backdrop of rapidly changing consumption initiatives and on its solid financial position, habits and a persistently unstable macroeconomic and the Group’s targets are as fo
Slide 17: Q&A
Q&A 17 H1 2026 financial results
Slide 18: Slide 18