Canal+ is upward in the face of a decrease in the share price, as its first results revealed since the London list revealed improved revenues of 6.45 billion euros (6.77 billion dollars).
The group of content and networks, which is based in France, witnessed its sales increase by 3.6 % in 2024 compared to the previous year, thanks to the production of film studio in the first place and higher subscriptions. Ebita, which rose 5.4 % at 503 million euros.
Revenue in content production, distribution and other sectors amounted to 817 million euros, an increase of 14.7 % compared to 2023. This was thanks to the performance of study studies and Dailymotion. The profit adjustment before benefits, taxes and depreciation was 70 million euros, an increase of 15.8 %.
Canal+ has also revealed a debt level of 355 million euros, which was called “very limited”, and will allow the company to “follow its active strategy in integration and purchasing operations”-an African broadcasting deal, packing and paid actions.
Despite growth, the price of Canal+shares was trading on the London Stock Exchange at 1.75 pounds ($ 2.23) at the time of the press today. This is a good decrease in the opening price of 2.90 pounds for the first time in December, which was less than many analysts' expectations.
Canal+ is removed from Vivendi parents as part of a strategy to separate entertainment, publishing and advertising in the end.
In an interview with Financial times This morning, the CEO of the Canal+ Maxime Saada admitted a decrease in the share price, as French shareholders leave due to local laws, but “this is not low.” However, he claimed that the channel+ “is not in a hurry” and was “a three -year project”, referring to more names of the United Kingdom and the United States that appear in the shareholders record.
In the preliminary results published today, Saada said that the planned deal for the giant Multichoice of African devices is “the conversion acquisition in our history” and will significantly affect the group's medium -term financial file in Africa and in general.
He added that everyone who is a large team from the channel, “and that both the administrative teams in the field of the channel and assembly,” everyone that the multiple channel management teams, “the possibility of completing the completion of the regulatory authorities of the multi -tool deal has been completed, and the mandatory offer for shareholders extends to October 8, from April 8.”
In his interview with footHe added that Canal+ was not interested in buying ITV studios, and the ITV broadcaster production arm. Reports indicate that Itvs and all3media have grabbed talks about integration, although the likes of Studiocanal was mentioned in the conversation.
Bullish tone
Saada continued the bullish tone in the comments of the shareholders by saying, “2024 years old” was a pivotal “of the company, and expected that it was” firmly on the road to reach its ambition to become a media leader and a global entertainment with 50 to 100 million subscribers. “
The subscription generates about 80 % of channel revenues+. The company has the sprawling -wage payment TV operations in its motherlands, elsewhere in Europe and Africa, and holds large stakes in ViaPlay and VIU in Asia. In 2024, the base of the direct channel to the consumer grew by 1.9 %, and the company had a total customer base from 26.9 million, an increase of 0.4 %.
CANAL+ revenue rates also to the production of films in Studiocanal ARM like the UK comedic Kingdom evil Small messagesHitting the French box office Pulsating heart and Paddington in PeruIt takes 170 million dollars so far pays Badtington A triple concession is approximately $ 700 million.
As a sign has been placed Bridge Jones: madness of the boy Call Paris fellThe first TV series depends on He fell Film concession, which was called “great success in all TV Canal+ Pay regions, as well as Amazon Prime in the UK and Hulu in the United States.”
Canal+ Noted Cinema was the main driver for “acquiring and preserving subscribers and content Six months after the release. Looking at the historical protectionism of France for the film sector, the French Film Syndicate Agreement is important.
