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Operates the M6 television channel and related broadcast, digital and production businesses in France.
Operates the M6 television channel and related broadcast, digital and production businesses in France.
Earns mostly from advertising sold around its channels, where free-to-air audience share sets the price of that advertising, plus income from its streaming service and from producing content. Its weight is in France, so the French advertising market drives it.
Moat: narrow (brand, regulatory licence, distribution). Licensed free-to-air broadcast spectrum and an established viewer base are difficult for new entrants to replicate.
Headquarters: Neuilly-sur-Seine, France · Founded: 1987 · Employees: 2,355
Size Metropole Television (MMT.PA) is a France Communication Services company (Broadcasting) with a market value of $1.60B, the 114th largest of 206 France companies the cockpit tracks. Shares closed at €11.30 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -4.1% for the median peer and -0.4% for the France market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 1.6% over the last twelve months (peer median +2.4%); the operating margin is 10.9% (peer median 8.1%).
Valuation It trades at 12.5× forward earnings against a peer median of 14.2× (5th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.9 points above its cost of capital (7.2% WACC).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.27B | €1.26B | €1.31B | €1.32B | €1.36B |
| Revenue growth | — | -4% | 0% | -3% | — |
| Gross profit | €172M | €239M | €274M | €328M | €358M |
| EBITDA | €228M | €279M | €312M | €383M | €410M |
| Net income | €100M | €123M | €173M | €234M | €162M |
| Free cash flow | €115M | €126M | €188M | €301M | €291M |
| Capital expenditure | €92.9M | €74.1M | €67.7M | €84.6M | €76.2M |
| Total debt | n/a | €106M | €104M | €139M | €146M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Metropole Television MMT.PA | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% |
| Television Francaise 1 TFI.PA | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% |
| Vivendi VIV.PA | $1.81B | -22% | -98% | -31% | 29.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MMT.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.7% | +2.2% | 6th highest of 21 |
| 6-month return | -3.6% | -4.1% | 10th highest of 21 |
| Distance from 52-week high | -13.3% | -30.2% | 6th highest of 21 |
| Revenue growth (TTM) | -1.6% | +2.4% | 8th lowest of 21 |
| Operating margin | 10.9% | 8.1% | 7th highest of 21 |
| Forward P/E | 12.5× | 14.2× | 5th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -0.9% | 2.0% | 6th least demanding of 17 |
| Growth delivered (Del g) | -0.3% | +3.9% | 5th lowest of 17 |
| Hurdle (Req g minus delivered) | -0.6 pp | -1.2 pp | 9th least demanding of 17 |
| ROIC minus cost of capital | +0.9 pp | -1.0 pp | 7th highest of 20 |
| EV / EBITDA | 6.6× | 8.1× | 6th cheapest of 18 |
| Net debt / EBITDA | 0.3× | -0.3× | 9th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Metropole Television MMT.PA | France | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% | -0.3% |
| Hebei Broadcasting Wireless Media 301551.SZ | China | $1.58B | -4% | -1% | 35% | n/a | 20.7% | -0.8% |
| Television Francaise 1 TFI.PA | France | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% | +2.0% |
| Atresmedia Corporacion de Medios de Comunicacion A3M.MC | Spain | $1.52B | +16% | +1% | 8% | 14.1× | 6.9% | +2.3% |
| MFE-MediaForEurope MFEA.MI | Italy | $1.83B | -26% | +90% | 3% | 5.0× | 0.6% | +8.9% |
| Rai Way RWAY.MI | Italy | $1.27B | -28% | +3% | 44% | 12.9× | -10.3% | +4.8% |
| TV Asahi 9409.T | Japan | $2.15B | +3% | +4% | 7% | 14.5× | -0.9% | +5.1% |
| Sun TV Network SUNTV.NS | India | $2.48B | +4% | -5% | 38% | 14.2× | 9.5% | +6.4% |
| Sinclair SBGI | United States | $989M | -4% | -6% | 6% | 230.3× | 10.9% | -11.8% |
| Newsmax NMAX | United States | $948M | +16% | +11% | -7% | n/a | n/a | n/a |
| Nine Entertainment NEC.AX | Australia | $895M | -15% | -18% | 9% | 8.2× | 7.4% | -1.3% |
| Entravision Communications EVC | United States | $830M | +26% | +71% | 8% | n/a | 13.5% | +5.4% |
| SKY Perfect JSAT 9412.T | Japan | $3.13B | -50% | +8% | 30% | 17.2× | 6.2% | -1.8% |
| Fuji Media 4676.T | Japan | $3.62B | +2% | +9% | 3% | 12.1× | n/a | n/a |
| CJ ENM 035760.KS | South Korea | $706M | -15% | -3% | 2% | 30.0× | -5.1% | +8.7% |
| Zee Entertainment Enterprises ZEEL.NS | India | $651M | -32% | +6% | -1% | 14.3× | 1.8% | +0.9% |
| TV Tokyo 9413.T | Japan | $582M | -15% | +2% | 6% | 12.7× | -18.7% | +3.5% |
| Nippon Television 9404.T | Japan | $4.57B | -3% | +3% | 13% | 12.9× | -7.5% | +4.4% |
| Gray Media GTN | United States | $520M | +11% | -11% | 14% | 2.7× | 2.2% | +5.4% |
| NRJ NRG.PA | France | $509M | -18% | -12% | 8% | 16.0× | n/a | n/a |
| Tbs 9401.T | Japan | $5.81B | +8% | +5% | 5% | 18.1× | n/a | n/a |