Overview
- Canal+ reported on Tuesday that first-half revenue rose about 40% to roughly €4.3 billion and adjusted EBIT climbed 68% to €433 million following the consolidation of MultiChoice.
- Management says it has delivered half of a €250 million synergy target and that roughly €120 million of cost and P&L synergies have already bolstered MultiChoice’s margins.
- Subscriber acquisition in MultiChoice markets jumped 40% year‑on‑year and June was the strongest month for new sign-ups in South Africa in a decade, a surge the company links to World Cup programming and targeted marketing.
- Canal+ shut down MultiChoice’s standalone Showmax as part of integration moves that cut losses and helped lift MultiChoice adjusted EBIT to about €143 million, while the group also reduced entry costs and expanded sales points in African markets.
- The company confirmed a five‑year pledge of about €1.1 billion to French and European cinema and said it will keep investing in sports rights and African productions, but it warned that the World Cup tailwind is seasonal and sustaining organic growth and retention is the next test.