Canal+ Share Price Has Fallen Despite Growth In First Annual Results After London Listing
deadline.comCanal+ is remaining bullish in the face of a falling share price, as its first full-year results since its London listing revealed improved revenues of €6.45B ($6.77B).
The France-headquartered content and networks group saw its sales rise 3.6% in 2024 compared with the previous year, thanks primarily to its film studio productions and higher subscriptions.
EBITA that was up 5.4% at €503M. Revenues at the Content Production, Distribution and Other segment was €817M, up 14.7% compared to 2023.
This was thanks to the performances of Studiocanal and streamer Dailymotion. Adjusted EBIT was €70M, up 15.8%. Canal+ also revealed a debt level of €355M, which it called “very limited” and would allow the company “to pursue its active M&A strategy” — namely its deal for African broadcast, pay-TV and streaming giant MultiChoice.
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