Investing.com – Shares rose 3.8% Tuesday after the company reported a first-quarter 2026 trading update and reaffirmed full-year guidance.
The French pay-TV group posted revenues of €2,169 million for the first quarter, up 41% excluding MultiChoice. Including South African broadcaster canal+ Acquired last year, the group's revenue declined by 0.4% compared to the first quarter of 2025.
Canal+ said the integration of MultiChoice Group is progressing well. Chief executive Maxime Saada said the first steps in a MultiChoice turnaround had begun, including strengthening its commercial operations and recruiting new sales teams. In South Africa, MultiChoice (Pty) Ltd suspended its historic commercial policy of annual price increases.
The company reiterated its 2026 guidance and said it has had a solid start to the year with broadly stable revenue.
Canal+ announced that it will become the first French company to be listed in South Africa when it joins the Johannesburg Stock Exchange on June 3, 2026. The secondary listing fulfills a commitment the company made when it acquired MultiChoice Group last year. Canal+ maintains its primary listing in London.
Shares initially jumped 7.5% in morning trading and then closed 3.8% higher.
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