TF1 Swings to Profit in Q3

PARIS: TF1’s revenues were down by 3 percent in Q3 to 498 million euros, but the French broadcasting group emerged from last year’s 14 million euros net loss to record a profit of 2 million euros.

In the period, revenues from its French broadcasting assets fell 6 percent to 375 million euros. AV rights revenues gained 25 percent to 35 million euros, and international broadcasting intake was up by 5 percent to 88 million euros.

For the first nine months of 2009, revenues fell 13 percent to 1.6 billion euros, while net profit fell 54 percent to 51 million euros. For the year, TF1 is forecasting an overall 11-percent revenues decrease.