TF1 raises revenue target

French commercial broadcaster TF1 has raised its full year revenue target as a result of rising advertising revenues. The company posted an 11% increase in advertising revenues to €765m as well as a rise in operating profit, boosted by the soccer World Cup.

The broadcaster now expects to see full year revenue increase by 7% to €2.35 billion, compared with its earlier target of 4%. The new target also takes into account the consolidation of digital terrestrial channels TMC and NT1.

Programming costs at the Bouyges-owned broadcaster were €483 million in the first half compared to €455 million last year as a result of increased costs due to the World Cup. Excluding sporting events, TF1 made €33 million of programming cost savings.