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Métropole Télévision
Métropole Télévision (MMT) investor relations material
Métropole Télévision Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary28 Oct, 2025
Executive summary
Achieved strong performance in Q3 2025, continuing momentum from H1, with best TV season in six years for commercial targets and significant streaming growth.
Maintained stable advertising revenues despite political and economic uncertainty, with high operating margin in core business.
Financial highlights
Q3 2025 revenue: €269.2 million, down 3.4% year-over-year; advertising revenue stable at €220.7 million.
Streaming revenue up 25% year-over-year in Q3; unique users up 40%, hours viewed up 17%.
EBITA for Q3: €37.5 million, operating margin 13.9%, up 0.6pp year-over-year.
9M 2025 consolidated revenue: €901.9 million, down 3.6% year-over-year; EBITA €143.4 million, margin 15.9%.
Programming costs in Video division down €11.3 million despite content investments.
Outlook and guidance
Streaming plan to continue in Q4 and beyond, targeting over €200 million streaming revenue and 1 billion hours viewed by 2028.
Anticipates decline in TV advertising market in Q4 2025 due to ongoing political and economic uncertainty.
Q4 TV ad market decline: streaming offset strategy?
What drove Q3 EBITA margin improvement?
SP France weakness: impact on diversification revenue?
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Next Métropole Télévision earnings date
Q4 202517 Feb, 2026
Métropole Télévision
Next Métropole Télévision earnings date
Q4 202517 Feb, 2026
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Frequently asked questions
Métropole Télévision S.A., commonly known as M6 Group, operates a diverse range of media and entertainment services primarily within the French market. The company’s core activities include the operation of the M6 television channel, one of France's major commercial TV stations. Beyond television broadcasting, M6 Group is involved in radio broadcasting, film production, and distribution through subsidiaries like M6 Films. Additionally, the company offers digital media services, including video-on-demand platforms and content streaming. M6 Group also has interests in e-commerce and home shopping through various channels. The company is headquartered in Neuilly-sur-Seine, France, and its shares are listed on the Euronext Paris.
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