TP cuts 2026 revenue outlook as trust and safety business weakens
French outsourcer TP now expects 2026 like-for-like revenue to fall 1.5%-2.5%, hit by its trust and safety unit. Its EBITA and cash flow targets stay unchanged.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
French outsourcing company TP lowered its full-year revenue growth forecast after its trust and safety unit struggled, an slump that outweighed gains in its AI-driven and back-office offerings. The company now projects like-for-like revenue for 2026 to fall between 1.5% and 2.5%, down from its earlier range of 0% to 2% growth.
TP kept its targets for recurring EBITA growth of 14.6% and net free cash flow of €800 million to €850 million. It also plans to publish updated 2028 financial goals during the first half of 2027. In the third quarter, like-for-like revenue dropped 1.2% year on year to €2.53 billion ($2.85 billion), according to Reuters.
why it matters
The downgrade suggests demand for traditional customer support and content moderation work is weakening as clients adopt automation. Investors will watch whether the shift toward AI-powered services can offset that decline when the new 2028 targets arrive.
market impact
TP shares: lower revenue guidance weighs on the company's stock
- TP shares pressure down — lower revenue guidance weakens growth expectations for the company
tags
instruments
sources
- France's TP cuts 2026 sales growth outlook on weakness in trust and safety business — Reuters, 5 November 2026 at 17:56 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗