NINE-MONTH 2025 RESULTS - PRESS RELEASE

Stable consolidated revenue in the first nine months of 2025 (up 0.5%)

Strong growth in TF1+ advertising revenue (up 40.5%)

COPA and net profit attributable to the Group (excluding the exceptional tax surcharge) slightly declining

Solid financial position, with a year-on-year increase in net cash to €465 million

Successful strategy supporting 2025 targets relating to strong TF1+ growth and the dividend policy

The current phase of political and fiscal instability in France adversely impacted the advertising market in October (linear in particular). First indications for November are also below expectations. Given this context, and with limited visibility until the end of the year, the Group has adjusted its 2025 guidance for margin from activities to a level between 10.5% and 11.5% (versus a broadly stable margin compared with 2024