# Canal+ revenue growth following MultiChoice acquisition

> Live situation record from CLSTR: https://clstr.news/situations/canal-revenue-growth-following-multichoice-acquisition
> Updated: 2026-10-25T21:20:52.000Z. Sources: 11. Developments: 2.

Canal+ reported a 37.5% increase in consolidated revenue for the first nine months of 2026, totaling €6.41 billion. This growth is largely driven by the acquisition of the South African pay-TV group MultiChoice, which caused revenue in the Africa and Asia region to more than triple to €2.604 billion.

Despite the overall group increase, performance varies across segments. Excluding MultiChoice, group revenue rose 1.3% to €4.646 billion, though revenue in Europe declined by 1.4%. On a like-for-like basis, excluding currency and portfolio changes, revenue decreased by 0.3%. 

MultiChoice specifically faces challenges, with its nine-month revenue falling 3% on a constant currency and scope basis due to declining subscriptions in South Africa. Chief Executive Maxime Saada stated that the company is making progress with the MultiChoice turnaround plan and expects to meet 2026 synergy targets and annual guidance.

## Timeline

### 2026-10-25: Canal+ reports €6.4 billion in nine-month revenue

Canal+ reported €6.41 billion in revenue for the first nine months of 2026, a 37.5% increase driven by the acquisition of South Africa's MultiChoice.

5 sources. https://clstr.news/cluster/canal-reports-64-billion-in-nine-month-revenue

### 2026-10-22: Canal+ reports 37.5% revenue growth following MultiChoice acquisition

Canal+ reported a 37.5% rise in nine-month revenue to €6.4 billion, driven by its acquisition of MultiChoice, despite declines in European revenue and South African subscriptions.

6 sources. https://clstr.news/cluster/canal-reports-375-revenue-growth-following-multichoice-acquisition

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Cite as: Canal+ revenue growth following MultiChoice acquisition. CLSTR, https://clstr.news/situations/canal-revenue-growth-following-multichoice-acquisition