Canal+. the French pay-TV broadcaster spun out of Vivendi in December, has reported a 1.5 per cent rise in revenue in its first standalone quarter. The star unit was direct-to-consumer subscribers in Europe.

Organic revenue in Africa and Europe fell 2.3 per cent, which it attributed to the exceptional popularity of the biennial African Cup of Nations last year.

The group, whose movie production arm released the sequel movie Bridget Jones: Mad about the Boy (pictured) in the quarter, confirmed its earlier 2025 guidance saying it expected to record organic growth this year, but it would be outweighed by the loss of free-to-air channel C8 in France and the termination of third-party contracts, including one with Disney.

“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,” said Maxime Saada, Chief Executive Officer of Canal+.

Of the companies spun out of Vivendi – Canal+, Havas and Louis Hachette – the pay-TV group has performed the worst, with its shares down 40 per cent since it debuted on the London exchange.

Last week a French court ordered the French stock exchange regulator to review the whole split project.

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Tags: Canal+, London, Vivendi