Canal+ says on track to meet full-year earnings target

Vivendi SE

29/07/2025 07:30

LONDON, July 29 (Reuters) - French pay-TV company Canal+ CAN.L reported a 3.3% drop in reported first-half revenue, in line with its expectations, and said it was on track to meet its target of making full-year earnings of around 515 million euros ($597 million).

The group, which was spun off from Vivendi in December and listed in London, received approval for its $2 billion takeover of South African broadcaster MultiChoice earlier this month.

Canal+ reported revenue of 3.09 billion euros for the six months to end-June and adjusted earnings before tax and exceptional items of 246 million euros on Tuesday.

The company, which produced the movie "Bridget Jones: Mad About the Boy", forecast in March that revenue growth this year would be "slightly more than offset" by the anticipated end of broadcasting of its French free-to-air channel C8 and the termination of its Disney contract.

($1 = 0.8633 euros)

 (Reporting by Paul Sandle; editing by Sarah Young)

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