Canal+ revenue jumps 40% in H1 after $2B MultiChoice acquisition
AI Market Summary
Canal+ reported strong H1 results driven by the $2B MultiChoice acquisition: revenue +40% to €4.29B and adjusted EBIT +68% to €433M, with €250M synergy targets achieved and MultiChoice EBIT up sharply. However, organic growth excluding the deal was modest, highlighting reliance on acquisition-led expansion. The update supports near-term confidence in the group's Africa scale strategy and cost actions.
Impact level
● Low
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Canal+ reported first-half revenue of €4.29 billion, up 40%, boosted by its $2B acquisition of Africa’s MultiChoice. Excluding MultiChoice, revenue growth was 1.4% year on year. Adjusted EBIT rose 68% to €433M with a 10.1% margin, and Canal+ said it has reached €250M in synergies from the takeover. The results underline the group’s Africa expansion strategy and are seen as supportive for its listed parent (SUS).
