Industry

Banijay Group has announced its full-year financial results for 2025, revealing a robust performance that met all previous guidance despite a complex global production environment. The Group saw its revenue climb 3.4% to €4,881 million, while Adjusted EBITDA rose 8.6% to €961 million. This growth reflects a significant 100-basis-point margin expansion, reaching 19.7%, underpinned by strong cash generation and a disciplined deleveraging strategy that brought the leverage ratio down to 2.7x.

The year was characterized by resilience across the Group’s core segments. Content production and distribution remained stable, mitigated by Banijay’s leadership in securing major scripted titles for global streaming platforms. Simultaneously, the Live Experiences division saw double-digit growth of 20.3%, fueled by the international rollout of the Luminiscence experience and the high-profile ceremonies organized by Balich Wonder Studio.

In the digital sector, Banijay’s online sports betting and gaming business delivered standout results. Revenue in this segment increased by 10.2% to €1,594 million, supported by a 23% surge in Unique Active Players. This momentum was maintained despite a lighter sports calendar and increased betting taxes in France, largely due to continuous user experience improvements and the successful launch of online casino operations in Portugal and Côte d’Ivoire.

The financial report follows two transformative milestones: the acquisition of Tipico and the recent combination of Banijay Entertainment with All3Media. These moves are designed to accelerate IP monetization and increase penetration with global streamers, further solidifying Banijay’s role as a primary consolidator in the international audiovisual industry.

François Riahi, CEO of Banijay Group, said: “Banijay Group delivered a strong performance in 2025, with revenue approaching €4.9 billion and Adjusted EBITDA up 8.6%, driving further margin expansion and strong cash generation. In a year marked by a challenging production backdrop and a softer sports calendar, our diversified model once again demonstrated its growth potential.”

Riahi added: “The acquisition of Tipico in 2025 represented a transformative milestone for the Group. In parallel, the combination of Banijay Entertainment and All3Media will increase penetration with global streaming platforms, while accelerating IP monetization. We look forward to presenting our updated strategy and mid-term financial guidance at our Strategic Update on 26 March.”

"This has been nothing short of a monumental week for our business. As our annual results land for 2025, the strategic rationale behind combining Banijay Entertainment and All3Media is amplified. While this year’s results sit against a backdrop of complicated market conditions, they demonstrate the value of scaled creativity, an expansive footprint, first-class talent, and a diversified strategy. Over the year we delivered more than 16,000 hours of content and launched 80+ titles with global streamers including 'House of Guinness', 'Culpa Nuestra', 'Mrs Playmen' and 'Last One Laughing UK' amongst other version, and in live events, we delivered the Winter Olympic Games Opening Ceremony. In a consolidating market, scale matters, and the new combination will only enhance our ability to attract and retain great talent, monetise our IP via digital and live, and increase our investment in creativity and new technologies. Now more than ever, we need to build a resilient media and entertainment powerhouse designed for long-term growth.” Marco Bassetti, CEO, Banijay Entertainment & Banijay Live.