Banijay Group has reported a 9% increase in revenue to €2,093m in H1 2024. Adjusted EBITDA up +11.7% to €368m, Adjusted EBITDA margin of 17.6% up 60bp vs H1 2023 Adjusted net income up +13.9% at current currencies to €191m, net income at €40m (€12m in H1 2023).

Adjusted free cash flow conversion of 77% (vs 84% in H1 2023). Strong liquidity position of €397m and stable 3.1x leverage ratio including the payment of dividend(30 June 2024 vs 31 December 2023).

Online sports betting & gaming: Revenue up +41.7% to €698m in H1 2024, reflecting an outstanding growth of +52.5% in Q2 fueled by a busy sports calendar. Market share gains across all products and all geographies, with +37% increase in Unique Active.

François Riahi, CEO of Banijay Group, said: “The first half of 2024 demonstrates once again the unique positioning of Banijay Group within the Entertainment industry, with a double-digit growth in earnings.

Our online sports betting and gaming business delivered outstanding performance, taking advantage of a busy sports calendar to gain market shares across all products and geographies. We also registered continued demand from clients in the content production business, particularly with streaming platforms as they expand their entertainment offer. In H2, we will deliver a strong pipeline of scripted shows and solid growth in content production & distribution. In the live events field in H1, we successfully produced iconic shows in the worlds of sport and fashion. Our schedule of upcoming live events is robust, and we will continue to look for opportunities to consolidate this fast-growing segment of the entertainment industry.

Thanks to our first half performance, and our highly visible pipeline for H2, we are well on track to meet our full year earnings guidance for the year of organic Adjusted EBITDA growth in the low teens.”