Canal+ Group: a turnover of €6.26bn and EBITA of €542m in 2025 (excluding MultiChoice)

The Canal+ group posted a turnover of €6.26bn in 2025, according to preliminary results published by the pay and free-TV group on 11/03/2026.

This figure is down 2.8% compared with 2024 (€6.44bn) but does not include the activities of MultiChoice or Canal+ in Vietnam, as the group initiated a withdrawal process from that territory in 2025. The group’s EBITA amounted to €542m.

Canal+ completed the acquisition of South African operator MultiChoice, owner of SuperSport, in September 2025. Including the three months and eleven days of MultiChoice’s contribution, and excluding Vietnam, the group’s total turnover was €6.95bn. Net debt reached €1.997bn, "notably following the acquisition of MultiChoice," said Canal+.

The group had 28 million subscribers as of 31/12/2025 (26.937 million as of 31/12/2024). Including MultiChoice subscribers (14.4 million), the combined total reached 42.3 million subscribers worldwide at the end of December 2025.

Among the 2025 highlights, Canal+ has retained from UEFA its exclusive and full rights to the three men’s European club competitions in France (for an…