Banijay Group's Q1 revenue rises 9%, net income up 18%

Banijay NV

18/05/2026 16:51

Overview

Entertainment and gaming firm's Q1 revenue rose 9% yr/yr at constant currency and scope

Adjusted EBITDA grew 5.4% and adjusted net income rose 18.1% yr/yr

Company completed Tipico acquisition, boosting sports betting & gaming scale

Outlook

Banijay Group confirms 2026 guidance for mid-single-digit adjusted EBITDA growth

Company expects adjusted free cash flow conversion of about 80% of adjusted EBITDA in 2026

Banijay does not expect material impact on guidance from Middle East geopolitical tensions

Result Drivers

SPORTS BETTING & GAMING GROWTH - Segment revenue up 17.3%, driven by a 20% rise in unique active players and new product launches, despite adverse sports results

LIVE EXPERIENCES SURGE - Live experiences & other revenue more than doubled, supported by the Milano Cortina Winter Olympics Opening Ceremony and Luminiscence show expansion

CONTENT PRODUCTION PHASING - Content production revenue fell 9.3% due to phasing effects, with deliveries expected to be weighted toward later in the year

Company press release: ID:nGNEbCtDPb

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 1.15 bln
Q1 Adjusted Net Income
EUR 56.90 mln
Q1 Adjusted EBITDA
EUR 196.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the entertainment production peer group is "buy."

Wall Street's median 12-month price target for Banijay Group NV is €11.25, about 20.4% above its May 15 closing price of €9.34

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)