Canal+ revenue rises 37.5% after MultiChoice acquisition
By the AFREEQUE newsroom, based on TimesLIVE
Canal+ reported a 37.5% increase in revenue for the nine months to the end of September, to €6.41 billion, mainly due to the integration of MultiChoice. Excluding the acquisition, the group's revenue increased by 1.3% on a restated basis, with strong momentum in French-speaking Africa, according to results published by Canal+.
French media group Canal+ generated revenue of €6.41 billion in the nine months to the end of September, up 37.5% on a restated basis, according to results published by the company on Thursday. The increase mainly reflected the acquisition of South African pay-TV group MultiChoice.
On a like-for-like basis, overall revenue was broadly stable, including nine months of MultiChoice's contribution. Excluding the acquisition, revenue rose 1.3% on a restated basis to €4.65 billion, and 0.8% on a like-for-like basis. Canal+ attributed the change to growth in French-speaking Africa and its content production and distribution activities.
Revenue in Africa and Asia more than tripled to €2.6 billion following the integration of MultiChoice. On a like-for-like basis, it increased by 3.1%; excluding MultiChoice, growth reached 10.2%, while MultiChoice revenue fell slightly. In French-speaking Africa, MultiChoice's business grew, driven by subscriber growth and more effective distribution.
In Europe, revenue fell 1.4% on a restated basis, notably following the closure of the C8 channel, the end of DAZN distribution in France and the sale of satellite television subscribers in Hungary. Canal+ chief executive Maxime Saada said the group had delivered a solid performance in the first nine months and remained on track to meet its 2026 targets.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
