Banijay rises on 'enocuraging' Q1 ahead of World Cup

Banijay NV

19/05/2026 09:50

Fixes spelling in the headline, no changes to text

** Banijay BNJ.AS rises nearly 4% after the French entertainment group delivered better-than-expected Q1 results

** Berenberg says the sale of a media format and the Milano Cortina Winter Olympics in Italy helped quarterly performance

** The broker says Banijay Gaming again delivered strong like-for-like growth of 17% despite tough comparables, calling it "encouraging ahead of the FIFA World Cup", which it expects to support live entertainment and betting in Q2 and Q3

** Q1 sales rose 5.8% to 1.15 billion euros, while like-for-like growth was 9%, driven by both the entertainment and sports betting segments

** EBITDA rose 3.1% to 197 million euros despite well-flagged higher French betting taxes, Berenberg adds

** The stock is up about 19% so far this year – LSEG data

(Reporting by Margaux Perrin and Leo Marchandon in Gdansk)

((margaux.perrin@thomsonreuters.com and leo.marchandon@thomsonreuters.com))