\n After adjusting for acquisitions, disposals and currency movements, Canal+\u2019s overall revenue fell 0.3%. MultiChoice\u2019s <\/a>underlying revenue declined 3%, showing that the African pay-television company remains the main weak point in the enlarged group. \n <\/p>\n
\n MultiChoice generated approximately $2.02 billion (\u20ac1.81 billion) in revenue during the nine months, compared with the $5.2 billion (\u20ac4.65 billion) generated by Canal+\u2019s operations outside the African company.
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\n According to Canal+\u2019s trading update<\/a> published on 22 October\u2060, the decline at MultiChoice was driven principally by lower subscription revenue in South Africa<\/a>, although growth in most of its other English-speaking African markets softened the impact.
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\n The figures offer the clearest evidence yet of the challenge facing Canal+ after it spent about $2 billion to take full control of the Johannesburg-based owner of DStv and GOtv.<\/a>
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\n The transaction gave the French company immediate access to millions of customers across English- and Portuguese-speaking Africa, complementing its established strength in francophone markets.
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\n It also turned Africa into a much larger part of Canal+\u2019s business. Africa and Asia now account for about 41% of group revenue before internal eliminations, compared with about 18% on the reported figures for the corresponding period of 2025.
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\n MultiChoice\u2019s decline begins to slow
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\n There were signs that the pressure on MultiChoice <\/a>moderated during the third quarter.
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\n Its like-for-like revenue fell 2% during the three months to September, improving from a 3.4% decline during the first half of the year. Canal+ attributed part of the improvement to a more favourable sporting calendar.
\n <\/p>\n
\n MultiChoice\u2019s reported revenue increased 0.4%, but Canal+ said this was helped by favourable currency movements rather than stronger underlying trading.
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\n The contrast was particularly visible across the continent. While MultiChoice continued to lose subscription revenue in South Africa, Canal+ recorded 10.2% like-for-like growth from its other African and Asian operations.
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\n Its francophone African businesses<\/a> benefited from subscriber growth and more efficient distribution, while Canal+ Telecom Africa recorded double-digit revenue growth as it expanded its fibre-to-the-home network.
\n <\/p>\n
\n Canal+ chief executive Maxime Saada said the group was making progress with its plan to revive MultiChoice.
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\n \u201cWe are making good progress with the MultiChoice turnaround plan. In September, a new, simplified value proposition was launched in South Africa, providing subscribers with more content, greater choice, and better value for the same price,\u201d he said.
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\n Canal+ plans to introduce the revised packages in other English- and Portuguese-speaking African markets over the coming months.
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