Helped along by theatricals including Bridget Jones: Mad About the Boy, Paddington in Peru and We Live in Time, revenues in Canal+’s content and distribution division rose by more than 8% per the French major’s first quarterly results since the London Stock Exchange (LSE) listing.
The division, which incorporates Studiocanal and Dailymotion, saw turnover rise 8.2% to €158M ($180M) for the three months ending March 31.
Maxime Saada’s outfit cited the trio of movies that were “highly successful across multiple geographies.” Canal+ added that Dailymotion’s revenue continues to grow at a double-digit rate thanks to “ongoing efforts to expand commercial footprint and programmatic network.”
Studiocanal and Dailymotion’s revenue increased by far more than the overall Canal+ group, which was up 1.5% organically or down 2.5% in terms of reported numbers to around €1.54B overall. The reported numbers included “the closure of some non-profitable wholesale contracts,” according to the results. European organic growth nudged upwards to €1.15B and Africa/Asia was down 2.3% to €267M as the MultiChoice acquisition rumbles on. “The process of obtaining merger control clearance from the South African competition authorities and other relevant regulatory processes are ongoing,” said the results.
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The results are the first to publish since Canal+’s headline-grabbing move to list on the LSE. Its share price has since been under the microscope but remains sticky, opening this morning at £1.72 ($2.30) per share, way down on its opening £2.90 on December 16, which immediately slid and has barely recovered. As of today, Canal+’s market cap was £1.7B.
Saada said: “2024 was a pivotal year for Canal+ as we achieved several key strategic milestones. In the first quarter of 2025, we continued to build on this momentum, moving towards our goal of becoming a global media and entertainment leader, supported by strong financial discipline.”
During the last quarter, the company also handed new responsibilities to now-Chief Content Officer Anna Marsh, finance boss Amandine Ferré and Jacques du Puy, who is now in charge of the Global PayTV division that has brought together Canal+’s pay-TV brands under one umbrella.
The post ‘Bridget Jones: Mad About The Boy’ & ‘Paddington In Peru’ Drive Canal+ Content Revs Up 8% In First Quarter Since London Stock Exchange Listing; Share Price Remains Sticky appeared first on Deadline.
