Television Francaise 1 Sa · EURONEXT:TFI
Television Francaise 1 Sa — TF1 Group — 9M 2025 Earnings Presentation
20 slides from Television Francaise 1 Sa's earnings presentation, Oct 30, 2025
Slide 1: 9M 2025 Results
9M 2025 Results 30 October 2025 MONTMARTRE
Slide 2: Disclaimer
Disclaimer This presentation contains rounded figures and contains 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 un
Slide 3: Highlights
STABLE AD REVENUE IMPACTED STRONG GROWTH Highlights CONSOLIDATED REVENUE BY AN UNCERTAIN AND UNSTABLE FOR ENVIRONMENT Strengthened audience leadership Group revenue Group advertising revenue Digital advertising revenue €1,598m €1,121m +40.5% W<50PDM 25-49 YO +0.5% vs 9M 2024 -2.2% (-€26m) vs 9M 2024
Slide 4: Business review, Financials, Outlook, Q&A
01. Business review P.5 02. Financials P.10 03. Outlook P.16 04. Q&A P.19 4 Nine-Month 2025 financial results
Slide 5: Business review
Ol. - Business review
Slide 6: A strong value proposition
A strong value proposition Unrivalled daily reach among media Significant lead over main competitor 76% 33.8 W<50PDM +9.2 pts 22.8 vs main competitor 52% 13.6 9.3 4.3 4.2 3.8 3.0 2.9 2.3 2.1 1.8 34% 0.6 0.5 TF1 M6 F2 TMC W9 TFX F3 6ter TF1SF Gulli F5 LCI F.info 17% 17% vs 9M +0.8 +0.5 +0.9 -1.7 -0.1
Slide 7: Update on streaming
Update on streaming Virtuous linear & streaming strategy Progress on all building blocks 25-49 Y/O NON- LINEAR LINEAR Consumption Ad inventories CPM 80% 20% 36m STREAMERS1 9M 2025 average AD LOAD +13% vs 9M 2024 CPM DAILY SOAPS 41m 5’04 /HOUR €13.2 STREAMERS1 9M 2025 average 9M 2025 average 52% 48%
Slide 8: Promising launch of micro-payment
Promising launch of micro-payment Progress on all building blocks First phase in September Second phase in October Companion Ad-free Previews shows content French drama Daily soaps Reality shows Live channel Entertainment French drama Daily soaps Reality shows €0.99 €0.69 €0.69 €0.99/day €1.99 €0.99
Slide 9: Nine-month highlights
Nine-month highlights Drama Production Distribution Revenue of €213m at end-September 2025 +11% year on year COPA of Movies Unscripted €20m at end-September 2025 +€13m year on year 9 ~695k ~480k ~470k ~300k Nine-Month 2025 financial results tickets sold tickets sold tickets sold tickets sold
Slide 10: Financials
02. Financials MASK SINGER
Slide 11: Consolidated revenue per segment
Consolidated revenue per segment MEDIA (€m) Q3 2025 Q3 2024 CHG.% 9M 2025 9M 2024 CHG.% • Advertising ▪ Continued strong momentum for Media 411 416 (1.1%) 1,386 1,399 (1.0%) TF1+, with 41% growth ▪ Linear impacted by an uncertain and unstable environment ; high basis for Advertising revenue 340 345
Slide 12: Current operating profit from activities per segment
Current operating profit from activities per segment (€m) Q3 2025 Q3 2024 CHG. 9M 2025 9M 2024 CHG. MEDIA • Decrease in advertising revenue Media 46 66 (20) 171 191 (20) • Impact from disposals o/w programming costs (211) (212) +2 (662) (671) +9 • My Little Paris and PlayTwo in Q3 2025 • Ushuaïa in
Slide 13: Consolidated income statement
Consolidated income statement (€m) Q3 2025 Q3 2024 CHG. 9M 2025 9M 2024 CHG. Consolidated revenue 496 487 +1.7% 1,598 1,591 +0.5% Programming costs (211) (212) +2 (662) (671) +9 Other charges, depreciation, amortisation and provisions (225) (205) (19) (745) (722) (24) Current operating profit from a
Slide 14: Solid net cash position at end-September 2025
Solid net cash position at end-September 2025 Free cash flow before changes in WCR €84 million 331 (9) 9 506 (238) (12) €m 465 Free cash flow after changes in WCR €72 million (122) Opening net cash Net cash Repayment of Net capital Changes in Acquisitions Dividends Closing net cash position at flow1
Slide 15: Nine-month 2025 key takeaways
Nine-month 2025 key takeaways Tackling advertising market headwinds to mitigate impact on COPA Market share gains across the board • Strong momentum for TF1+ (+41% ad growth, significantly outperforming digital ad market) • Market share gain in linear (-6% decline vs low double-digit percentage decl
Slide 16: Outlook
03. Outlook STAR ACADEMY
Slide 17: Outlook
Outlook A strong line-up Execution of Phase 2 of strategic plan Powerful franchises and flagship sports events Expansion in French- speaking markets Micro-payment ramp-up Launch of the exclusive live channel and ad-free content in October Previews Exclusive live Ad-free channel content Netflix distr
Slide 18: Full-year 2025 guidance
Full-year 2025 guidance 2025 targets confirmed: Strong double-digit revenue growth in digital Aiming for a growing dividend policy in the coming years 2025 margin from activities target adjusted: Between 10.5% and 11.5% (from broadly stable vs 2024*) Domestic instability adversely impacted ad market
Slide 19: Q&A
Q&A 19 Nine-Month 2025 financial results
Slide 20: Slide 20