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Global media and entertainment company Canal+ reported a solid start to 2025, with first-quarter revenues hitting €1.547 billion ($1.77 billion), up 1.5% organically compared to the same period last year, according to the company’s trading update released on Tuesday.
Box office successes including “Paddington in Peru,” “Bridget Jones: Mad About the Boy” and “We Live in Time” significantly contributed to the growth, powering the company’s content Production, Distribution and Other segment to an 8.2% revenue increase, reaching $180 million.
Despite overall growth, the company’s total reported revenue decreased by 2.5% due to discontinued contracts and activities, including the termination of Disney+, UEFA Champions League sublicensing partnership, and closure of the C8 channel.
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The Europe segment saw a modest 0.8% organic revenue increase to $1.31 billion, driven by Direct-to-Consumer (DtoC) subscriber growth in mainland France. Meanwhile, Africa and Asia revenues dipped 2.3% to $305 million, a decline the company attributed to tough comparisons with Q1 2024, which benefited from the biennial African Cup of Nations tournament.
Canal+ also reported progress on the MultiChoice Group acquisition, which would strengthen its presence across Africa. The company has extended the mandatory tender offer’s long stop date to Oct. 8, expressing confidence in completing the transaction this year.
Other Q1 highlights include a strengthened global partnership with Samsung that will distribute Canal+ applications on over 25 million Samsung Smart TVs across more than 40 territories, and a new agreement with the French cinema industry that secures advantageous film release scheduling for Canal+ and Cine+ OCS.
The company also revealed organizational changes aimed at enhancing synergies across its operations in 52 countries, with new roles for management board members Jacques du Puy, Amandine Ferré, and Anna Marsh, who was appointed chief content officer in addition to her responsibilities as deputy CEO and CEO of Studiocanal.
“2024 was a pivotal year for Canal+ as we achieved several key strategic milestones,” said Maxime Saada, CEO of Canal+. “In the first quarter of 2025, we continued to build on this momentum, moving towards our goal of becoming a global media and entertainment leader, supported by strong financial discipline.”
Canal+ confirmed its full year 2025 outlook and H1 FY25 results will be released on July 29, with the company’s general shareholder meeting scheduled for June 6, in Paris.
