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Canal+ revenue held up by legacy businesses as MultiChoice decline narrows

Canal+ revenue held up by legacy businesses as MultiChoice decline narrows

- 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)

((leo.marchandon@thomsonreuters.com))

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