International revenues helped Canal+ offset a slowdown in the domestic market following 2014’s VAT increase.
Canal+ Group’s revenues reached €5,456 million, a 2.7% increase compared to 2013. As of December 2014 Canal+ Group had a total of 15.3 million subscriptions, an increase of 678,000 year-on-year, thanks largely to a strong performance in Africa and Vietnam.
In the domestic market it was Canalplay, the subscription video on demand platform that provided growth.
But generally revenues from pay-TV operations in mainland France were impacted by the higher VAT rate, increased from 7% to 10% on January 1, 2014.
For the first time, the total number of individual subscribers exceeded 11 million, compared to 10.4 million at the end of 2013.
Canal+ Group’s EBITA was €583 million, compared to €611 million at the end of 2013. The change down to the VAT.
