Canal+ took control of South African television and streaming company MultiChoice in the first half of 2026, making it the leading pan-African pay-TV operator. MultiChoice saw the biggest increase in the number of its subscribers in a decade in June.
MultiChoice’s adjusted earnings before interest and tax (EBIT) soared 160% to €143 million in the six months to June 30, and it saw the highest increase in subscribers in a decade in June, the interim results of its JSE-listed parent Canal+ showed Tuesday.
Canal+’s share price was the top mover on the JSE in the morning, following the release of the interim results, with the share price higher by 6.6% to R55.30, which is marginally below the R56.60 that the group traded at on its listing on the JSE in May this year.
The global media and entertainment group reported that the sharp increase in EBIT at South Africa-based MultiChoice was due in particular to synergies of €120 million (including Showmax discontinuation impact).
CANAL+ CEO Maxime Saada said: “In South Africa, we delivered a standout month in June, with the highest new subscriber uptake in a decade, and we secured long-term rights to the most watched sports competition, the Premier Soccer League.”
