Canal+ sheds 500,000 subs

Canal+ shed 492,000 subscribers in its home market cutting  revenues 4.7 per cent to €5.25 billion despite an uplift in the final quarter from the new partnership with Orange and Free. Canal+ now has 5.25 million subs in France.

Internationally, Canal+ added 692,000 subscribers in Africa over the course of the year, taking its total base there to 2.8 million. At the end of 2016, Canal+ Group had an overall base of 11.5 million subscribers and an additional 2.9 million Free and Orange subscribers that took Canal+ services through the new partnerships.

Canal+ also had saw growth in FTA with advertising revenues boosted by the performance of its C8 channel, the fourth-most watched DTT channels at the end of the year and fifth most watched channel overall.

Operating income was €303 million, compared with €542 million in 2015. EBITA amounted to €240 million, down from €454 million in 2015. EBITA from the Canal+ channels in France was negative €399 million, down from a €264 EBITA loss for the previous year.

Parent company Vivendi overall posted revenues of €10.8 billion for the year, down 0.2 per cent, and EBIT of €1.2 billion, down 2.9 per cent.

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