{"id":964190,"date":"2026-07-28T08:11:15","date_gmt":"2026-07-28T08:11:15","guid":{"rendered":"https:\/\/www.europesays.com\/us\/964190\/"},"modified":"2026-07-28T08:11:15","modified_gmt":"2026-07-28T08:11:15","slug":"canal-posts-big-h1-gains-thanks-to-multichoice-acquisition","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/964190\/","title":{"rendered":"Canal+ Posts Big H1 Gains Thanks To MultiChoice Acquisition"},"content":{"rendered":"

\n\tThe $2B acquisition of Africa\u2019s MultiChoice<\/a> has helped Canal+<\/a> post higher half-year revenues and earnings<\/a>.<\/p>\n

\n\tUnaudited total group revenues saw revenues grow 40% to \u20ac4.29 billion ($4.88 billion), though without MultiChoice the growth shrinks to just 1.4% year-on-year compared to 2025\u2019s \u20ac3.07B.<\/p>\n

\n\tSimilarly, adjusted EBIT (before exceptional items) was up 68% to \u20ac433M, from \u20ac257M, and had a 10.1% margin. Excluding MultiChoice, the number drops to 13% growth.<\/p>\n

\n\tThe market update comes just hours after London-listed Canal+ pledged<\/a> more than \u20ac980M to French and European cinema over five years in a fresh deal with French entertainment bodies. The news was heralded as of unprecedented length for the Paris-based pay-TV giant.\u00a0<\/p>\n

\n\tCanal+ this morning revealed it had hit its target of \u20ac250M in synergies resulting from its takeover of African pay-TV giant MultiChoice last year<\/a>. <\/p>\n

\n\tThe company has sought to significantly reduce costs in Africa since the buyout, with streamer Showmax discontinued<\/a> earlier this year in one move that shocked the local industry. The H1 figures reveal Showmax made a \u20ac52M loss in H1 of 2025 on revenues of \u20ac23M.<\/p>\n

\n\t\u201cFollowing the acquisition of MultiChoice, our increased scale is starting to deliver the benefits we expected,\u201d said Canal+ CEO Maxime Saada<\/a>. \u201cWe have achieved half of our \u20ac250M synergies target and remain well on track for the year, and we confirm our full-year and medium-term guidance.\u201d<\/p>\n

\n\tStudiocanal<\/a><\/strong><\/p>\n

\n\tCanal+\u2019s production arm, Studiocanal, had an \u201cexcellent six months on and off screen,\u201d according to Saada, who pointed theatrical successes such as Guru in France and Pressure in the US, and the biggest film deal at Cannes 2026, for The Midnight Library, which sold to Paramount for $36M<\/a>. <\/p>\n

\n\tThe content production, distribution and other segment, which includes Studiocanal and streamer Dailymotion, posted revenues of \u20ac356M, up 9.9% YoY. This accounted for 7.8% of Canal+\u2019s overall revenues, down from 9.3% last year. Adjusted EBIT was \u20ac28M, which was 3% lower than 2025. <\/p>\n

\n\t\u201cWith a slate including Paddington 4, Zack Snyder\u2019s remake of Escape From New York, our first major South African film production, The Road Home, and Danny Boyle\u2019s Ink, Studiocanal\u2019s momentum looks set to continue,\u201d he added.<\/p>\n

\n\tBack at group level, Saada pointed a systematic review of costs in France last year 2025 was benefitting finances, along with \u201cstrong D2C subscriber acquisition and lower churn, plus an ongoing shift to streaming in Poland. <\/p>\n

\n\tIn Africa, adjusted EBIT was up 9% excluding MultiChoice, driven by pay-TV growth among other factors.<\/p>\n

\n\tCanal+ said its \u201cturnaround\u201d of MultiChoice was underway and pointed to a long-term rights deal for the Premier Soccer League in South Africa, the 2027 men\u2019s and 2029 women\u2019s rugby world cups across sub-Saharan Africa and a production slate including The Road Home, Heist of Benin and a screen adaptation of bestselling novel Americanah<\/p>\n

\n\tSubscriber acquisition was up 40% in MultiChoice countries compared to H1 2025 in MultiChoice countries, with June the best month \u201cin a decade.\u201d Adjusted EBIT at MultiChoice was up 160% to \u20ac143M, from \u20ac55M a year ago. This was primarily put down to synergies of \u20ac120M, including the impact of Showmax\u2019s discontinuation.<\/p>\n","protected":false},"excerpt":{"rendered":"The $2B acquisition of Africa\u2019s MultiChoice has helped Canal+ post higher half-year revenues and earnings. Unaudited total group…\n","protected":false},"author":3,"featured_media":964191,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[30],"tags":[57827,13656,171,207960,57862,66403,173,67,132,68],"class_list":["post-964190","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-canal","tag-earnings","tag-entertainment","tag-maxime-saada","tag-multichoice","tag-studiocanal","tag-tv","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116996596496183904","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/964190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=964190"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/964190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/964191"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=964190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=964190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=964190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}