by Thinus Ferreira
Canal+ will list on the Johannesburg Stock Exchange (JSE) on 3 June as the first French company to do so, "marking an important milestone" according to Canal+ CEO, Maxime Saada, while the French company noted that over the last three months, MultiChoice revenue continued to decline as expected.
After its takeover of the struggling MultiChoice, the local South African listing "will provide South African investors with the opportunity to invest in a global media and entertainment company that will enhance the long-term liquidity and tradability of Canal+ shares and fulfil the commitment made to South African Competition Authorities".
Canal+ unveils its Q1results today along with a trading update. Canal+ already listed on the London Stock Exchange in late 2024.
According to Maxime Saada, "MultiChoice revenue continued to decline in line with our expectations".
Canal+ has started its "MultiChoice turnaround plan in South Africa and across the rest of the African continent "which includes recruiting new sales teams and "strengthening the commercial engine".
Canal+ says "We continue to deliver cost synergies resulting from the acquisition of MultiChoice".
According to Canal+, "MultiChoice Group revenue decreased, driven by lower non-subscription revenue, mainly: higher subsidies on equipment to new subscribers, content sales, commissions on insurance business, and some one-off items recorded in Q1 2025".
"Advertising revenue benefited from the SA20 cricket and AFCON tournaments. Subscription revenue was almost flat on a constant currency basis."
