Canal+Sa (CNALF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning ladies and gentlemen and welcome to the Canal Plus H126 results. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session through the phone lines and instruction will follow at that time. I would like to remind all participants that this call is being recorded. I will now hand over to the Canal Plus CEO, Maxime Saada, to open the presentation. Please go ahead. Stéphane Ménasé Stéphane Baumier, Laetitia Ménasé, Audrey Richard Good morning everyone and thank you for joining us today. I am Maxime Saada, CEO of Canal+, and I am joined today by Amandine Ferre, CFO and Chief ESG Officer. Good morning. We are delighted to be with you to present the Canal+, results for the first half of 2026. Let me now walk you through today's agenda. As you know, this is our first half year with MultiChoice as a part of the group. Its integration and more significantly its turnaround plan have been a key focus for the management team. So in addition to our results, we will update you on our progress at MultiChoice. We'll also cover synergies and Amandine will take you through our financial results and outlook. Let's begin with a reminder of what Canal Plus looks like today. CanalPlus is a global media and entertainment company anchored in Europe and Africa and a market leader in more than 40 countries. We serve more than 40 million subscribers and last year the combined group generated 8.7 billion euros of revenue. The other key figure here is revenue generated from subscriptions. 85% of our revenues are recurring and predictable because we have loyal subscribers. Unlike many of our competitors, Canal+, is a leader across the entire media value chain. As a producer through our in-house studio, Studio Canal, we own global IPs ...