Canal+ is prioritizing the maintenance of its direct-to-consumer (D2C) subscriber base while adopting a more selective approach to wholesale distribution. The French pay-TV platform experienced a net decrease of 353,000 wholesale subscribers over the past year, yet its D2C base saw a 0.2% growth. The company attributes this success to high customer loyalty and effective new customer acquisition, even after losing Disney and Ligue 1 football from its lineup.
Overall, Canal+'s total subscriber base decreased by 323,000, resulting in a total of 25.7 million subscribers as of June 30, 2025. The company reported group revenues of €3,086 million for the first half of the year. Canal+ confirms its 2025 performance and results are on track, exceeding initial cash level expectations.
Maxime Saada, Chief Executive Officer of CANAL+, stated: “Our strategy of bringing our in-house content together with content from the world’s best studios, sports competitions and streaming platforms, and super-aggregating it all on our enhanced CANAL+ App for the benefit of our customers, provides us with a unique value proposition. We are now taking super-aggregation beyond Europe by extending our historic partnership with Netflix to 24 French-speaking African countries, the first deal of its kind on the continent.”