France's Banijay H1 revenue rises on sports betting, gaming growth
France's Banijay H1 revenue rises on sports betting, gaming growth
Overview
France entertainment and gaming group's H1 revenue rose 16.9% yr/yr to €2.58 bln
Adjusted EBITDA up 18.5% yr/yr, stable on pro forma basis due to higher betting taxes
Company completed All3Media deal and announced exceptional €0.93/share dividend
Outlook
Banijay Group confirms FY2026 guidance with mid-single-digit adjusted EBITDA growth
Company expects adjusted free cash flow conversion of about 80% of adjusted EBITDA for 2026
Entertainment & Live content production revenue expected to normalise by year-end, with stronger Q4 contribution
Result Drivers
SPORTS BETTING & GAMING GROWTH - Double-digit revenue growth driven by record player engagement, especially during the FIFA World Cup and UEFA Champions League
LIVE EXPERIENCES STRENGTH - Strong growth in live experiences revenue, supported by major sporting event productions and international expansion
REGULATORY IMPACT - Higher betting taxes in France and Austria weighed on adjusted EBITDA growth
Company press release: ID:nGNE8ZRzl1
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 2.58 bln |
|
H1 Adjusted Net Income |
| EUR 141.50 mln |
|
H1 Adjusted EBITDA |
| EUR 502.90 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 30.8% above its July 28 closing price of €8.60
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
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July 28 - Caesars Entertainment Q2 revenue slightly beats estimates on regional growth
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.)