Canal+ has released its full 2024 numbers with revenue and earnings rising, continuing to be the leading industrial and financial partner of local cinema in territories where it operates:
26.9 M subs (2024)
26.8 M subs (2023)
2.5% sub gain in Africa and Asia
0.7% sub drop in European market
$528 M EBITA
↑ 5.4% from 2023
$6.8 Bn Revenue
↑ 3.6% from 2023
The company also highlighted “a very limited debt level of $372 M, which will allow Canal+ to pursue its active M&A strategy.”
CEO Maxime Saada stated:
“2024 was a pivotal year for Canal+. I am thrilled to confirm that Canal+ is now firmly on track to reach its ambition to become a global media and entertainment leader with 50-100 million subscribers. With solid financials in 2024, a sound balance sheet, a new focus on cash generation, Canal+ certainly has the means to support this ambition and to deliver strong value to our shareholders going forward.”
The company’s in-house studio, Studiocanal, had a very profitable year:
Back to Black grossed $51 M worldwide
Paddington in Peru grossed $170 M worldwide
Paddington trilogy total gross of $700 M
Bridget Jones: Mad About the Boy grossed $75 M worldwide
Saada continued:
“Studiocanal’s first ever-global TV series Paris Has Fallen (trailer), based on the successful Has Fallen film franchise, was a smashing success in all Canal+ PayTV territories, as well as on Amazon Prime in the UK and Hulu in the US.”
The studio confirmed the hit series would be getting a second season, now being filmed and set in the UK.
