Following its listing on the London Stock Exchange, the CANAL+ group published its results for 2024 separately from the Vivendi group for the first time.
The CANAL+ group's revenue reached €6.45 billion, up 2.3% on a like-for-like basis. However, the group recorded a net loss of €147 million, mainly attributable to exceptional items such as the reorganization of its French operations and the closure of the C8 channel.
Despite these difficulties, CANAL+ posted solid operating performance across all its business segments. Adjusted earnings before interest and taxes (EBITA) rose 4.2% on a comparable basis, reaching €503 million.
In Africa, CANAL+ continues to experience significant growth, particularly thanks to GVA, whose subscriber base has grown by nearly 50% in one year.
At the end of 2024, the group had a total of 26.9 million subscribers in 52 countries and approximately 9.7 million subscribers in Africa and Asia, up 2.5%. No specific results for Africa were presented, unlike when CANAL+ was part of Vivendi.
CANAL+ remains committed to investing in local content and sports in Africa, and to strengthening its position in the African market, which it considers to be a key growth driver for its future.
With this in mind, Canal+ announced that the process of obtaining regulatory approval for the acquisition of South African group MultiChoice was continuing and that the initial deadline of April 8 had been pushed back to October 8, 2025.
In terms of its organization, CANAL+ has also announced that it has created two new roles to maximize economies of scale: a "Pay TV Role" held by JACQUES DU PUY, member of the Executive Board and President of CANAL+ INTERNATIONAL, and a "Chief Content Role" held by Anna MARSH, Managing Director of Studiocanal & Deputy Managing Director of the Canal+ group.