French TV group TF1 Q3 advertising revenues rise as lockdowns lifted

French television group TF1 on Wednesday reported a 7.5% rise in third-quarter advertising revenues, with advertising spend recovering across most sectors as lockdown restrictions were lifted over the summer.

Oct 28 (Reuters) - French television group TF1 TFFP.PA on Wednesday reported a 7.5% rise in third-quarter advertising revenues, with advertising spend recovering across most sectors as lockdown restrictions were lifted over the summer.

The Paris-based company, which owns France's most popular channel, posted advertising revenues of 346.5 million euros ($409.5 million), while its core profit for the period nearly tripled year-on-year to 57.8 million euros.

TF1 scrapped its 2020 and 2021 guidance earlier in the year due to coronavirus-linked uncertainties facing French companies and households.

($1 = 0.8461 euros)

(Reporting by Sarah Morland and Anait Miridzhanian in Gdansk; Editing by Jan Harvey)

((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TFFP

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More