Published by Global Banking & Finance Review®
Posted on April 29, 2025
1 min readLast updated: January 24, 2026
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Canal+ reported a 1.5% rise in Q1 organic revenue, driven by European subscribers, despite a fall in Africa and Europe due to last year's African Cup.
LONDON (Reuters) -Canal+, the French pay-TV broadcaster spun out of Vivendi in December, reported a 1.5% rise in organic group revenue in its first quarter on Tuesday, helped by a positive contribution from direct-to-consumer subscribers in Europe.
Organic revenue in Africa and Europe fell 2.3%, which it attributed to the exceptional popularity of the biennial African Cup of Nations a year earlier.
The group, whose movie production arm released the "Bridget Jones: Mad about the Boy" movie in the quarter, confirmed its 2025 outlook.
It said in March it expected to record organic growth this year, but it would be outweighed by the loss of free-to-air channel C8 in France and the termination of third-party contracts, including one with Disney.
Of the companies spun out of Vivendi - Canal+, Havas and Louis Hachette - the pay-TV group has performed the worst, with its shares down 40% since it debuted on the London exchange.
Last Tuesday a French court ordered the French stock exchange regulator to review the whole split project.
(Reporting by Paul Sandle; editing by Sarah Young)
Canal+ reported a 1.5% rise in organic group revenue in its first quarter.
The decline of 2.3% in organic revenue in Africa and Europe was attributed to the exceptional popularity of the biennial African Cup of Nations a year earlier.
Canal+ confirmed its outlook for 2025, expecting to record organic growth this year, despite challenges.
Since its debut on the London exchange, Canal+'s shares have decreased by 40%, making it the worst performer among the companies spun out of Vivendi.
A French court recently ordered the French stock exchange regulator to review the entire split project involving Canal+.
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