Canal+ Listing on JSE: Expanding Reach to South African Investors
Canal+ is set to list on the Johannesburg Stock Exchange (JSE) in South Africa on June 3, making it the first French company to do so. This move will allow South African investors to invest in a global media and entertainment company and enhance the liquidity and tradability of Canal+ shares. The listing fulfills a commitment made to South African Competition Authorities and follows Canal+'s previous listing on the London Stock Exchange in late 2024.
The acquisition of African giant MultiChoice by Canal+ last summer has had a significant impact on the company's Q1 results for 2026. Revenue saw a 41% boost to €2.1B ($2.46B), largely attributed to the inclusion of MultiChoice. Despite MultiChoice revenue declining as expected, Canal+ has launched the "MultiChoice turnaround plan" which includes recruiting new sales teams and strengthening the commercial engine.
In Europe, revenue slightly decreased to €1.1B, but the content, production, and distribution business, which includes properties like Paddington, saw a 9% increase to €172M. Canal+ highlighted the success of Paddington the Musical and box office hits in France like Guru and Children of the Resistance. Additionally, the acquisition of Italian distributor Lucky Red was noted as a strategic move.
CEO Maxime Saada expressed satisfaction with the company's performance in 2026 so far, emphasizing the execution of their strategy and the delivery of cost synergies from the MultiChoice acquisition. Canal+ remains optimistic about meeting its full-year 2026 guidance. On the London Stock Exchange, Canal+ shares rose over 3% to 237p following the announcement of the upcoming listing on the JSE.
In conclusion, Canal+ is gearing up for its listing on the Johannesburg Stock Exchange, expanding its reach to South African investors and solidifying its position as a global media and entertainment powerhouse. The company's strategic acquisitions and operational execution are driving growth and setting the stage for a successful year ahead.