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Lagardere
Lagardere (MMB) investor relations material
Lagardere Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary16 Oct, 2025
Executive summary
Q3 2025 organic revenue grew 5.4% like-for-like, driven by strong performances in Publishing and Travel Retail, with Publishing achieving record quarterly revenue and Travel Retail posting record activity supported by new openings in Amsterdam and Auckland.
Publishing saw exceptional growth across all geographies, supported by diversification, bestsellers, and board games.
Travel Retail achieved record revenue, with all regions except North Asia contributing; notable new concessions in Amsterdam, London, and Saudi Arabia.
Live segment faced a slight contraction in Q3 due to a challenging advertising market and the Paris Match sale, but maintained positive momentum over nine months.
Financial highlights
Q3 2025 total revenue: €2,548m, up 5.4% year-over-year (reported and like-for-like); 9M 2025 total revenue: €6,899m, up 4.4% reported and 3.9% like-for-like.
Publishing Q3 revenue: €811m (+5.9% reported, +6.6% like-for-like); Travel Retail Q3 revenue: €1,695m (+6.2% reported, +5.0% like-for-like); Live Q3 revenue: €42m (-25% reported, -2% like-for-like).
Positive scope effects from acquisitions and new consolidations, partially offset by currency headwinds.
Outlook and guidance
The group continues its capital allocation policy, focusing on gradual deleveraging, regular dividends, and flexibility for strategic growth investments.
Lagardère Live: Mitigate ad market impact?
Travel Retail North Asia: Recovery plan?
Hachette Book Group's 3rd place in US. Impact?
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Next Lagardere earnings date
H2 202519 Feb, 2026
Lagardere
Next Lagardere earnings date
H2 202519 Feb, 2026
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Frequently asked questions
Lagardere SA is an international group that offers and engages in content publishing, production, broadcasting, and distribution businesses worldwide. It operates through two divisions: Lagardère Publishing, and Lagardère Travel Retail. The Lagardère Publishing division includes book publishing and e-publishing businesses, which cover the areas of education, general literature, illustrated books, partworks, dictionaries, youth works, mobile games, board games, and distribution in English, French, and Spanish languages. The Lagardère Travel Retail division is involved in retail activities in transit hubs and concessions in travel essentials, duty free and fashion, and food services fields. The company was founded in 1992. Lagardere SA is headquartered in Paris, France.
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