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French pay-TV and streaming group (Vivendi spinoff) with premium channels across France, Africa and international markets.
French pay-TV and streaming group (Vivendi spinoff) with premium channels across France, Africa and international markets.
Earns most from monthly subscriptions in France and French-speaking Africa, selling premium channels and sports and film rights, and in France it includes streaming services such as Netflix and Disney+ in its own bundles. Advertising and Studiocanal's licensing of films and series add smaller lines.
In one line: A French/African HBO plus DirecTV hybrid.
Moat: narrow (brand, scale, distribution). Exclusive sports/content rights and a leading African pay-TV distribution network.
Headquarters: Paris, France · Founded: 1984 · Employees: 8,892
Size Canal+ (CAN.L) is a United Kingdom Communication Services company (Cable/Satellite TV) with a market value of $3.11B, the 131st largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £234.60 on 6 Nov 2026.
Performance Over six months the shares gained 2.0%, against -14.9% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 3rd highest of 11 in its peer set.
Growth Revenue grew 9.5% over the last twelve months (peer median -4.1%); the operating margin is 3.6% (peer median 2.8%).
Valuation It trades at 9.2× forward earnings against a peer median of 8.1× (3rd most expensive of 6).
Credit Canal+ has 1 bond outstanding ($780M) and trading like BB- at a weighted spread of 290 bp.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | £5.95B | £5.43B | £5.41B | £5.13B |
| Revenue growth | — | +10% | 0% | +6% | — |
| Gross profit | n/a | £2.58B | £2.13B | £2.13B | £2.06B |
| EBITDA | n/a | £579M | £684M | £706M | £650M |
| Net income | n/a | -£40.2M | -£124M | -£53.1M | £120M |
| Free cash flow | n/a | £322M | £79.6M | £36.5M | £62.3M |
| Capital expenditure | n/a | £254M | £238M | £262M | £287M |
| Total debt | n/a | £2.89B | £808M | £3.81B | £3.45B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Canal+ CAN.L | $3.11B | +2% | +10% | 4% | 9.2× | n/a |
| Netflix NFLX | $260B | -28% | +15% | 32% | 17.7× | 15.0% |
| Comcast CMCSA | $86.6B | -3% | 0% | 15% | 7.2× | -6.4% |
| Television Francaise 1 TFI.PA | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% |
| Metropole Television MMT.PA | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% |
| Walt Disney Company (The) DIS | $202B | +9% | +5% | 15% | 15.4× | 14.2% |
| Warner Bros. Discovery WBD | n/a | +13% | n/a | n/a | n/a | n/a |
| Cyfrowy Polsat CPS.WA | $2.08B | -24% | 0% | 10% | 14.5× | 6.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CAN.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.1% | +0.7% | 6th highest of 11 |
| 6-month return | +2.0% | -14.9% | 3rd highest of 11 |
| Distance from 52-week high | -28.3% | -32.2% | 3rd highest of 11 |
| Revenue growth (TTM) | +9.5% | -4.1% | 3rd highest of 11 |
| Operating margin | 3.6% | 2.8% | 5th highest of 11 |
| Forward P/E | 9.2× | 8.1× | 3rd most expensive of 6 |
| Net debt / EBITDA | 3.7× | 3.1× | 3rd most indebted of 6 |
| Bond spread | 290 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Canal+ CAN.L | United Kingdom | $3.11B | +2% | +10% | 4% | 9.2× | n/a | n/a |
| Jiangsu Broadcasting Cable Information Network 600959.SS | China | $2.42B | -17% | -8% | -8% | n/a | n/a | n/a |
| Oriental Pearl 600637.SS | China | $4.07B | -19% | -7% | 3% | 29.9× | 15.5% | -5.7% |
| Wasu Media 000156.SZ | China | $2.17B | +5% | -4% | 2% | n/a | -6.9% | +3.9% |
| Versant Media VSNT | United States | $4.59B | -18% | -4% | 18% | 5.5× | -13.9% | -5.1% |
| Cyfrowy Polsat CPS.WA | Poland | $2.08B | -24% | 0% | 10% | 14.5× | 6.6% | +3.7% |
| Cogeco Communications CCA.TO | Canada | $1.67B | -13% | -4% | 26% | 7.8× | -8.9% | +2.2% |
| Guizhou Broadcasting & TV Information Network 600996.SS | China | $1.22B | -23% | -7% | -89% | n/a | 30.2% | -18.3% |
| Guangxi Beitou Technology 600936.SS | China | $925M | -11% | +13% | 2% | n/a | 15.7% | +10.6% |
| Shenzhen Topway Video Communication 002238.SZ | China | $810M | -8% | -16% | -22% | n/a | 16.0% | -5.8% |
| Stingray RAY.TO | Canada | $786M | +11% | +32% | 20% | 8.1× | 5.5% | +13.1% |
Canal+ has 1 bond outstanding with $780M face value. Weighted yield 5.92%, a spread of 290 bp over government bonds.