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Canal+ Share Price Has Fallen Despite Growth In First Annual Results After London Listing
Canal+ is remaining bullish in the face of a falling share price, as its first full-year results since its London listing revealed revenues of €6.45B.
In preliminary results posted today, Saada said the planned deal for African pay-TV giant MultiChoice would be “the transformative acquisition in our history” and would “significantly impact the financial profile of the group in the medium-term in Africa and overall.” “Both Canal+ and MultiChoice management teams are working closely together and aim to finalize the transaction before this date,” he added, predicting the combined business would “generate significant synergies” and reduce cost bases. Saada continued the bullish tone in comments to shareholders by saying, “2024 was a pivotal year” for the company, and predicting it was “firmly on track to reach its ambition to become a global media and entertainment leader with 50 to 100 million subscribers.”
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