Metropole Television Sa - MTPVY STOCK NEWS

In the first quarter of 2023, M6 Group reported consolidated revenue of €312.9 million, down 3.0% compared to 2022. Advertising revenue plummeted to €247.1 million, a decline of 2.0%, with TV advertising at €214.0 million (-2.4%). Non-advertising revenue decreased by 6.4% to €65.8 million. The profit from recurring operations (EBITA) dropped to €59.5 million, yielding an operating margin of 19.0%, down 1.8 percentage points. Despite challenges, M6 Group maintained a strong audience share of 22.6% among women under 50. The company’s financial position improved, with total equity rising to €1,273.3 million and a net cash position of €352.9 million. A dividend of €1.00 per share is set for payment on May 5, 2023. The outlook remains uncertain due to economic conditions affecting the advertising market.

M6 METROPOLE TELEVISION invites shareholders to attend its Combined General Meeting on April 25, 2023, at 9:00 am in Neuilly-sur-Seine. The preliminary notice, detailing the agenda and proposed resolutions, was published on March 20, 2023. Shareholders can access relevant documents starting from the notice and request them via email until April 20, 2023. Bearer shareholders must present a certificate of attendance to access these documents. Additionally, all shareholders can consult documents at the Company’s headquarters.

M6 Métropole Télévision has filed its 2021 Universal Registration Document with the French Financial Markets Authority (AMF) on March 10, 2023. The document is accessible on the company’s website and includes crucial reports such as the 2022 annual financial report, corporate governance details, statutory auditors’ fees, and the independent verifier’s report on consolidated social, environmental, and societal information. Additionally, it outlines the share buyback programme. Copies are available at the company’s headquarters in Neuilly sur Seine.

The M6 Group has announced a significant development as its channel has been selected by ARCOM during the bidding process for the DTT channel 6 allocation. This decision allows M6 to proceed confidently with its programming broadcast obligations to the public. The outcome of this bidding process is crucial for ensuring the channel's ongoing presence and relevance in the competitive media landscape.

France Télévisions, M6, and TF1 have announced the closure of the SALTO streaming platform, which had nearly one million subscribers since its launch on October 20, 2020. The decision follows the abandonment of a merger between TF1 and M6, which would have facilitated SALTO's continuation. The shareholders cited complex governance issues and a lack of distribution interest from major internet service providers as key factors for closure. Marc Sénéchal has been appointed as the administrator for voluntary liquidation. SALTO employees are to be assisted with alternative job placements where possible.

M6 Group has announced strong financial results for 2022, showcasing resilience despite a challenging economic landscape. The Supervisory Board's meeting revealed a strategic shift focusing on boosting streaming services, digitizing advertising, and enhancing content production. A new Executive Board was appointed for a three-year term, led by Nicolas de Tavernost, highlighting a commitment to digital transformation. Key members include Karine Blouët for public affairs, Guillaume Charles for content, and Henri de Fontaines for strategy. The Board continues to rely on experienced executives to navigate future challenges.

M6 Group reported consolidated revenue of €1,356.9 million for 2022, a decrease of 2.4% from 2021, primarily due to a 4.7% drop in advertising revenues amidst challenging economic conditions. Non-advertising revenues rose by 8.0%. EBITA, excluding government support, reached €334.4 million, marking a 2.4% increase. The operating margin improved to 24.6%. The group faced a net profit decline of 40.9%, totaling €165.9 million, impacted by Salto's significant operating loss of €72.3 million and the abandonment of the M6/TF1 merger project. Shareholders can expect a steady dividend of €1.00 per share, with key strategic focus shifting toward streaming projects.

M6 has secured exclusive broadcasting rights for 18 matches of the 2023 Rugby World Cup in France, running from September 8 to October 28, 2023. The lineup includes key matches featuring teams from Australia, England, and Ireland, along with a quarter-final. This significant event showcases M6's commitment to delivering premium sports content, enhancing its position in the broadcasting market.

M6 Group has finalized the sale of its 51% owned subsidiary Best of TV to Passat S.A. The transaction follows an announcement made on November 2, 2022. Best of TV specializes in marketing niche products for mass retail, particularly in home shopping. After eight years with M6 Group and following the sale of Home Shopping Service in 2020, the group expresses satisfaction in partnering with an industry-focused investor like Passat S.A.