Canal+ revenue held up by legacy businesses as MultiChoice decline narrows
Canal+ revenue held up by legacy businesses as MultiChoice decline narrows July 28 (Reuters) - French pay-TV and media group Canal+ CAN.L reported a slight rise in its half-year revenue on Tuesday, as growth in its legacy businesses balanced a narrowing decline at MultiChoice, the African broadcaster it acquired last year.
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, while adjusted earnings before interest, taxes and exceptional items grew 19.1% to €433 million.
Canal+ confirmed its full-year guidance for flat revenue and adjusted EBIT of €735 million.
($1 = €0.8800)
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)