TF1 raises guidance on 3Q results

Management at France’s leading broadcaster TF1 have upped full-year guidance after posting quarterly results that largely beat analysts’ expectations.

TF1 reported group revenues of €541 million for the third quarter, a 9.6% year-on-year increase. Adjusted operating profit was €20.5 million as the broadcaster reined in programming costs. Management guidance was raised by 1% and the broadcaster now expects to post full-year revenues of €2.555 billion.