Canal+ jumps after first-half revenue growth, outlook reaffirmed
28/07/2026 08:12
BUZZ-Canal+ jumps after first-half revenue growth, outlook reaffirmed ** Shares of French pay-TV and media group Canal+CAN.L up 10% at 255 pence
** Co's revenue rose 0.6% on a combined basis to €4.29 billion ($4.88 billion) in the six months through June, from €4.26 billion a year ago
** Canal+ confirmed its full-year guidance for flat revenue and adjusted EBIT of €735 million.
** On Monday, it signed a five-year agreement to invest €980 million ($1.11 billion) in French and European cinema starting in 2028, its largest ever commitment to the industry it clashed with just weeks ago.
** CAN down ~13.05% YTD, as of last close
($1 = 0.8794 euros)
(Reporting by Megha Kumari in Bengaluru)