Canal+ Reports N9.6tn Revenue After MultiChoice Acquisition

Canal+, a French media giant backed by billionaire Vincent Bolloré’s family, reported a revenue of $7.2 billion (€6.41 billion), approximately N9.6 trillion, for the first nine months of 2026, following its acquisition of MultiChoice, the parent company of DStv and GOtv. This represents a 37.5% increase compared to the same period in 2025.

Earnings from Canal+'s Africa and Asia operations more than tripled to $2.9 billion (€2.60 billion). However, MultiChoice is experiencing challenges, particularly with declining subscription revenue in South Africa, which contributed to a 3% revenue fall for the company.

Canal+ completed its $2 billion takeover of MultiChoice in September 2025. Despite these challenges, there are signs of recovery, with a 2% decline in underlying revenue between July and September, an improvement from a 3.4% contraction earlier in the year.

Canal+ is introducing new subscription offerings to attract customers and improve affordability, although no blanket price reductions have been announced for Nigerian subscribers.