Canal+ Posts Big H1 Gains Thanks To $2B Deal For Africa’s MultiChoice
Canal+ reported a 40% revenue increase in the first half of the year, largely driven by its $2 billion acquisition of the African pay-TV provider MultiChoice. Despite the growth, the company is undergoing cost-cutting measures, including the discontinuation of the Showmax streaming service.
Why it matters
The acquisition demonstrates the consolidation trend in the global media and streaming industry as companies seek scale in emerging markets.
Canal+ Posts Big H1 Gains Thanks To $2B Deal For Africa’s MultiChoice The $2B acquisition of Africa's MultiChoice has helped Canal+ post higher half-year revenues and earnings.
Unaudited total group revenues saw revenues grow 40% to €4.29 billion ($4.88 billion), though without MultiChoice the growth shrinks to just 1.4% year-on-year compared to 2025's €3.07B.
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Similarly, adjusted EBIT (before exceptional items) was up 68% to €433M, from €257M, and had a 10.1% margin. Excluding MultiChoice, the number drops to 13% growth.
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