Interactive lifts TPS profits

No profits until 2001 because of major investments

PARIS — The chief exec of TPS, France’s second digital platform, said Wednesday that operating profits for 2000 were up compared to 1999, but the company is expected to stay in the red until 2001.

In 2000, TPS’ cash flow was 120 million francs ($17 million), Jacques Espinasse told daily business paper La Tribune. “The EBITDA will be very substantial in 2001,” he added, “and we’re back on track for a more balanced performance.”

TPS doesn’t expect to see profits until 2001 due to major investments, particularly in sporting rights.

The success of TPS Interactive has boosted the company’s performance, doubling the division’s revenues from $2.6 million in 1999 to $5.3 million in 2000.

When TPS was launched in 1996, the only interactive services were a weather forecast and a program guide. Since the beginning of this year, TPS has been offering 150 interactive services.

TPS belongs to French private channels TF1 and M6, Suez-Lyonnaise, France Telecom and France Television.

More Digital

  • netflix debt

    Netflix Now Worth More Than Comcast, Close to Surpassing Disney

    PARIS — The chief exec of TPS, France’s second digital platform, said Wednesday that operating profits for 2000 were up compared to 1999, but the company is expected to stay in the red until 2001. In 2000, TPS’ cash flow was 120 million francs ($17 million), Jacques Espinasse told daily business paper La Tribune. “The […]

  • snapchat-logo

    Snapchat's Parent Launches 'Yellow' Incubator Program for Mobile-Content Creators

    PARIS — The chief exec of TPS, France’s second digital platform, said Wednesday that operating profits for 2000 were up compared to 1999, but the company is expected to stay in the red until 2001. In 2000, TPS’ cash flow was 120 million francs ($17 million), Jacques Espinasse told daily business paper La Tribune. “The […]

  • airtv

    Dish's New AirTV Device Is a Connected Tuner for Free Broadcast TV

    PARIS — The chief exec of TPS, France’s second digital platform, said Wednesday that operating profits for 2000 were up compared to 1999, but the company is expected to stay in the red until 2001. In 2000, TPS’ cash flow was 120 million francs ($17 million), Jacques Espinasse told daily business paper La Tribune. “The […]

  • Donald Trump

    President Trump Can't Block Twitter Users, Federal Court Rules

    PARIS — The chief exec of TPS, France’s second digital platform, said Wednesday that operating profits for 2000 were up compared to 1999, but the company is expected to stay in the red until 2001. In 2000, TPS’ cash flow was 120 million francs ($17 million), Jacques Espinasse told daily business paper La Tribune. “The […]

  • Spotify logo is presented on a

    Spotify’s Class-Action Settlement Approved

    PARIS — The chief exec of TPS, France’s second digital platform, said Wednesday that operating profits for 2000 were up compared to 1999, but the company is expected to stay in the red until 2001. In 2000, TPS’ cash flow was 120 million francs ($17 million), Jacques Espinasse told daily business paper La Tribune. “The […]

  • A man watches a baseball game

    The Big Gamble: Is Sports Betting Really a $7 Billion Media Windfall?

    PARIS — The chief exec of TPS, France’s second digital platform, said Wednesday that operating profits for 2000 were up compared to 1999, but the company is expected to stay in the red until 2001. In 2000, TPS’ cash flow was 120 million francs ($17 million), Jacques Espinasse told daily business paper La Tribune. “The […]

More From Our Brands

Access exclusive content