LONDON (Reuters) – The French Paid television company Canal+ announced on Monday a 3.3% drop in turnover in the first half and said it was on track to achieve its annual objectives.
Canal+, now listed in London after the split of Vivendi’s activities in December, published a turnover of 3.09 billion euros for the six months up to the end of June.
This decline is explained by the cessation of several contracts and activities, in particular the termination of the partnership with Disney, the end of the sub-book of the Champions League as well as the judgment of the C8 channel.
The profit adjusted before interest, taxes, depreciation and amortization (EBITA) was established at 246 million euros, a drop of 21.6% compared to the 315 million of the previous year, Canal+ invoking the exceptional effect last year of the acquisition of OCS.
For 2025, the group confirmed to be online to record organic growth in its turnover and an adjusted operating profit (EBITA) around 515 million euros.
At the beginning of the month, Canal+ received authorization to buy the South African Multichoice broadcaster for an amount of $ 2 billion. The group confirmed Tuesday that the operation should be finalized by October 8.
(Written by Paul Sandle and Leo Marchandon, Elena Smirnova, edited by Blandine Hénault)
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