PARIS: French media and entertainment group Banijay reported a 10% increase in nine-month profits on Thursday, driven primarily by its gaming division, as the company prepares to finalize a major acquisition that will double its betting operations.
The group, known for producing TV shows such as Big Brother and owning the betting platform Betclic, posted earnings before interest, taxes, depreciation, and amortization (EBITDA) of €597 million ($696.22 million) for the first nine months of 2025, while revenue grew 4% to €3.22 billion.
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Banijay’s gaming segment, while representing only about one-third of total revenue, contributed roughly half of the company’s profitability. Gaming EBITDA rose 12.9% to €301 million, with a margin of 26.6%, compared to entertainment EBITDA of €303 million with a 14.5% margin. Gaming revenue increased 8.5% to €1.13 billion, despite challenges from the previous year’s Olympics and European football events, while entertainment revenue edged up 1.7% to €2.09 billion, boosted by Netflix’s House of Guinness.
Last week, Banijay announced it would acquire a majority stake in Germany’s Tipico from private equity firm CVC in a €4.6 billion deal. CEO François Riahi said the acquisition will create a combined entity with 6.5 million active players and pro forma 2024 revenue of €3 billion, positioning Banijay Gaming as a market leader in France, Germany, and Poland.
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Banijay lowered its full-year revenue growth guidance, citing the sports calendar and delays in content delivery. The company now expects low-single digit growth for entertainment and around 10% growth for gaming, while maintaining profit and cash conversion targets.