{"id":7830,"date":"2017-07-24T10:58:31","date_gmt":"2017-07-24T14:58:31","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/tf1-sees-lift-in-first-half-results\/"},"modified":"2017-07-24T13:17:27","modified_gmt":"2017-07-24T17:17:27","slug":"tf1-sees-lift-in-first-half-results","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2017\/07\/24\/tf1-sees-lift-in-first-half-results\/","title":{"rendered":"TF1 Sees Lift in First-Half Results"},"content":{"rendered":"

Consolidated revenue for the first half of 2017 reached \u20ac1.04 billion ($1.2 billion) at TF1, up 1.1 percent, as costs were down considerably thanks to the year-on-year comparison with the spend for the Euro 2016 football championship.<\/p>\n

Group advertising revenue of \u20ac782.1 million ($910 million), up 1.6 percent, was led mainly by stronger revenue from the DTT channels and a solid performance in sponsorship.<\/p>\n

Current operating profit was \u20ac107.6 million ($125.3 million), an increase of 87.1 percent year-on-year, including \u20ac30.7 million ($35.7 million) of savings arising from the lack of any major sporting events during the first half of 2017. The group posted an operating profit of \u20ac96 million ($111.8 million) after charging \u20ac11.6 million ($13.5 million) of non-current expenses related to the “amortization of intangible assets” identified in connection with the Newen Studios acquisition. Net profit attributable to the group was \u20ac74.6 million ($86.8 million), including the gain from the divestment of the equity interest in Groupe AB.<\/p>\n

Advertising revenue for the group\u2019s free-to-air TV channels rose by 1.2 percent year-on-year, thanks to strong DTT audience figures and sponsorship revenue. The cost of programs for the first half was \u20ac482.2 million ($561.4 million), a saving of \u20ac15.6 million ($18.2 million) compared to the first half of 2016. The broadcasting segment recorded a current operating profit of \u20ac91.5 million ($106.5 million), up \u20ac53.5 million ($62.3 million) year-on-year.<\/p>\n

Revenue for the studios and entertainment segment fell by 3.1 percent year-on-year to \u20ac181.3 million ($211 million).<\/p>\n","protected":false},"excerpt":{"rendered":"

Consolidated revenue for the first half of 2017 reached \u20ac1.04 billion ($1.2 billion) at TF1, up 1.1 percent, as costs were down considerably thanks to the year-on-year comparison with the spend for the Euro 2016 football championship.<\/p>\n","protected":false},"author":350,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[126],"class_list":["post-7830","post","type-post","status-publish","format-standard","","category-top-stories","tag-tf1"],"yoast_head":"\nTF1 Sees Lift in First-Half Results - TVEUROPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tveurope\/2017\/07\/24\/tf1-sees-lift-in-first-half-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TF1 Sees Lift in First-Half Results - 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