Banijay Reports Revenue and Earnings Growth in 2023 Amid Expansions and Acquisitions
The production giant behind popular shows like 'Survivor' and 'Black Mirror' saw a revenue increase of 3.4% and EBITDA growth of 4.5%, despite challenging market conditions.
- Banijay's revenue rose to €3.32 billion in 2023, with EBITDA reaching €494 million, marking significant growth over the previous year.
- The company's performance was bolstered by a diverse content portfolio, including superbrands and series renewals, and strategic acquisitions.
- Streaming platforms' share of content production revenue grew to 19%, highlighting a 75% revenue increase over two years.
- Banijay executed 14 acquisitions and investments in 2023, expanding into live events, sports, branded content, and digital platforms.
- Despite revenue and profit gains, Banijay's debt pile remains high, with the majority deferred for several years.