16 FEB 2024

TF1 group registered a growth in TF1+ in 2023, but its overall revenues were down

TF1 group's consolidated revenue for 2023 amounted to €2,296.7 million, down 6.7% versus 2022. MYTF1 attracted an average of 27.7 million streamers every month.

16 FEB 2024

TF1 Group

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TF1 group's consolidated revenue for 2023 amounted to €2,296.7 million, down 6.7% versus 2022. In 2023, the advertising market was affected by the macro-economic context in the first half but rebounded in the second half. Against this backdrop, Group advertising revenue came to €1,606.4 million, down 2.1% compared with 2022, but up 1.7% in the second half.

TF1 group is in a leading position in 2023 thanks to its ability to attract a wide range of audiences to its linear and non-linear channels. With almost 56 million viewers every month and an average of 28 million French streamers, the Group benefits from an unrivalled coverage. In 2023, TF1 group has gained audience share across all segments. The TF1 channel has strengthened its audience leadership by offering a powerful event programming throughout the year. It recorded 28 of the 30 highest ratings of 2023 and at least 8 of the 10 highest ratings for each of the programme genres (French drama, sport, entertainment, news, and cinema). The Rugby World Cup achieved record audiences, with France's quarterfinal gathering 16.5 million viewers, the best audience of the year.

The MYTF1 streaming platform is performing very well, forming a strong launchpad for the new TF1+ platform. In 2023, MYTF1 attracted an average of 27.7 million streamers every month and recorded 1.05 billion streamed hours, up 8% compared to 2022. Streaming accounts for almost 30% of the total consumption of certain major programmes, such as "Ici tout commence" and "Star Academy". Within the Media sector's advertising revenues, MYTF1's advertising revenue maintained a strong growth momentum. 

Revenues for Newen Studios division came to €329.4 million in 2023, a decline of 23.0% compared with 2022. Some of the reasons of this declination are: The discontinuation of both "Plus belle la vie" in 2022 by France Télévisions and sales to SALTO. Delivery of iconic programmes such as "Liaison" (for Apple TV) and "Marie-Antoinette" (for Canal+) in the third quarter of 2022. Revenue at Newen Studios rose by 1.4% in the fourth quarter, mainly due to deliveries for Disney+ of productions like "To Cook a Bear", "Nemesis" and "Nos Vemos". With current operating income from activities of €31.2 million, Newen Studios' margin stands at 9.5% in 2023, with a margin of 14.2% in the fourth quarter, close to 2022 (-0.1 pt).

The Group's ambition is to establish itself as the go-to free-to-air destination for news and family entertainment in France. The Group's strategic priorities are: On the linear side, strengthen the Group's leadership in the advertising market through a premium content offering and a differentiating reach. In digital, become the leading free streaming platform in France, by leveraging the potential of the Group's editorial line and optimising the value of digital inventories by strengthening its data strategy. In production, establish Newen Studios as a key European studio with French roots. In the Media segment, 2024 will be a defining year for the Group's transformation.

This year will notably be marked by the broadcasting of UEFA EURO 2024, which will provide advertisers with premium content. The Group will continue to reinforce its audiences across all target groups with dedicated programming, such as the launch of "Bonjour! La Matinale" TF1.