Canal+ Reports Profitability, Unveils AI Partnerships

Canal+ reported full-year 2025 results, posting adjusted EBIT of €527 million and cash flow above guidance, while confirming its September MultiChoice acquisition. MultiChoice saw revenues fall 6% to €2.4 billion and subscribers drop to 14.4 million, prompting Canal+ to exit the loss-making Showmax and launch a €100 million turnaround plan for Africa. Canal+ also announced Google Cloud and OpenAI partnerships to add multimodal content indexing and natural-language search in June 2026.
Key Points
- 1Reports adjusted EBIT €527M and CFFO €587M, beating guidance for full-year 2025.
- 2Highlights MultiChoice struggles: 6% revenue decline, subscribers down to 14.4 million, Showmax exit.
- 3Launches €100M turnaround plan and Google Cloud/OpenAI integrations to boost personalization and discovery.
Scoring Rationale
Strong official financial beat and high-profile AI partnerships, but company-specific scope limits immediate industry-wide impact.
Sources
Public references used for this report.
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