Stock Analysis

Métropole Télévision Reports First Half 2024 Earnings

ENXTPA:MMT
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Métropole Télévision (EPA:MMT) First Half 2024 Results

Key Financial Results

  • Revenue: €656.9m (up 5.6% from 1H 2023).
  • Net income: €85.1m (down 19% from 1H 2023).
  • Profit margin: 13% (down from 17% in 1H 2023). The decrease in margin was driven by higher expenses.
earnings-and-revenue-growth
ENXTPA:MMT Earnings and Revenue Growth July 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Métropole Télévision Earnings Insights

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Media industry in France.

Performance of the French Media industry.

The company's shares are down 4.8% from a week ago.

Valuation

Our analysis of these results suggests Métropole Télévision may be undervalued based on 6 important criteria we look at. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.