Shares in TF1 tumble on FY miss, weak 2026 guidance

Television Francaise 1 SA

13/02/2026 09:19

** Shares in French broadcaster TF1 TFFP.PA fall 7%, to the bottom of SBF120 .SBF120 index, after it posted FY results slightly below expectations and a disappointing guidance

** Share are on track for their worst day since late April 2023, if losses persist

** TF1 reports FY consolidated revenue at 2.30 billion euros ($2.73 billion), slightly bellow the 2.32 billion euros expected in a company-provided consensus

** AlphaValue says the miss was caused by a "very poor performance" in advertising over Q4

** TF1 sees no margin improvement in 2026, expecting to maintain a mid-to-high single-digit figure from current operating from activities

** "The poor guidance on the margin side is due to an expected persistent unstable macro and political environment as well as changing consumption patterns that should weigh on the linear advertising," AlphaValue adds in a note

($1 = 0.8435 euros)

(Reporting by Mathias de Rozario in Gdansk)

((mathias.derozario@thomsonreuters.com))