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Canal+ Group’s total subscriber count grows thanks to M7

July 30, 2020 20.08 Europe/London By Robert Briel

Canal+ Group’s total subscriber portfolio reached 20.4 million, compared to 17.1 million for the first half of 2019, including 8.6 million in mainland France.

Revenues from international operations rose sharply by 30.5% (+5.2% at constant currency and perimeter), thanks to year-on-year growth in the number of subscribers (+3.2 million), which was driven both by organic growth and the integration of M7.

Canal+ Group’s revenues were €2,674 million, up 6.2% compared to the first half of 2019. At constant currency and perimeter, revenues slightly decreased (-1.6%).

Revenues from television operations in mainland France decreased slightly compared to the first half of 2019 (-2.1% at constant currency and perimeter), in a context marked by a downturn in the advertising market due to the COVID-19 pandemic.

Studiocanal’s revenues declined by 30.5% compared to the same period in 2019, as theatrical film distribution was particularly affected by the COVID-19 pandemic.

Canal+ Group’s EBITA before restructuring charges was €329 million, compared to €236 million for the first half of 2019 (+16.2% at constant currency and perimeter). After restructuring charges, EBITA was €300 million, compared to €233 million for the same period in 2019 (+7.0% at constant currency and perimeter).

Canal+ Group said it continues to focus on the tracking of its expenditures and investments. The first half of 2020 confirmed Canal+ Group’s ambition to build, from a foundation of the best of cinema, sports and series, a gateway to the world’s leading applications and channels.

Canal+ Group became the exclusive French distributor of the new Disney+ streaming service, available as part of Canal+ offers since April 7. Canal+ Group can further extend the reach of Disney+ through third-party distribution partners such as Internet Service Provider.

Since June 1, Canal+ Group became the exclusive French distributor of beIN Sports channels to third-party providers across all platforms in mainland France, for the next five years.

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Filed Under: Finance, Newsline Tagged With: Canal+ Group, M7 Edited: 30 July 2020 20:08

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About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

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