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Thursday, 7 March 2024

Broadband TV News: Canal grows international operations

Story from Broadband TV News:

Canal+ Group put on an additional 900,000 subscribers in 2023 as the company stepped up its international development in Europe, Asia-Pacific and Africa.

As of December 31, 2023, Canal+ Group’s total subscriber portfolio (individual and collective) reached 26.4 million, compared to 25.5 million at year-end 2022. In 2023, Canal+ Group’s revenues were €6,058 million, up 3.2% compared om 2022.

Revenues within mainland France increased by 3.3% through a combination of a growing subscriber base and increases in ARPU (Average Revenue Per User. The total subscriber portfolio in mainland France recorded a net growth of 290,000 subscribers over the past 12 months, reaching 9.8 million subscribers. Revenues from international operations increased by 1.2% compared to 2022.

Canal+ Group’s EBITA amounted to €525 million, up 2.0%.

A new Canal+ streaming platform has launched in the Netherlands, offering a combination of linear TV channels and a catalogue of films and series on demand. It follows launches in Austria, Czech Republic and Slovakia.

Earlier this week, Canal submitted a new offer for MultiChoice and has now entered exclusive negotiations with the South African operator.

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