Home Entertainment Banijay’s Parent FL Entertainment Makes Stock Market Debut With Revenue Growth to $4.2 Billion in 2022

Banijay’s Parent FL Entertainment Makes Stock Market Debut With Revenue Growth to $4.2 Billion in 2022

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Banijay’s Parent FL Entertainment Makes Stock Market Debut With Revenue Growth to $4.2 Billion in 2022

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Banijay, Stéphane Courbit’s TV manufacturing and distribution powerhouse behind “Survivor” and “Peaky Blinders,” has made a vibrant debut in the Amsterdam stock market.

The Paris-headquartered firm, which took over Endemol Shine Group in 2020 in a splashy $2.2 billion deal, noticed its income climb by 16.5% – or 13.3% at fixed foreign money — to €3.21 billion ($3.4 billion) in 2022. While its revenue margin fell by 1% to 14.7%, Banijay’s earnings earlier than curiosity, tax and amortization (EBITDA) grew by 9% to €472 million ($501 million) in 2022. A bullish efficiency in contrast with its rival Fremantle whose EBITDA reached €162 million after rising by 15% throughout the identical interval.

Banijay was listed final 12 months by a newly-created particular function acquisition firm named FL Entertainment. The banner contains each Banijay and Courbit’s on-line playing group Betclic. As an entire, FL Entertainment’s yearly income rose by 13.2% at fixed foreign money to €4 billion ($4.2 billion).

Banijay’s sturdy monetary outcomes have been bolstered by its content material manufacturing and distribution actions. The banner’s library of content material grew by 30% to 160,000 hours, whereas revenues from streaming
platforms rose by 61%.

Banijay additionally expanded its footprint with 15 acquisitions throughout 10 territories.  These embrace many high-profile labels, notably Alain Goldman’s Légende Films in France (renamed Montmartre Films), and U.Ok. banner Kindle Entertainment, whose credit embrace the Netflix present “The A List.”

“2022 was an outstanding year for FL Entertainment,” mentioned François Riahi, CEO of FL Entertainment.

Riahi mentioned the corporate’s “strong profitable growth” in content material manufacturing and distribution was linked to each new scripted sequence corresponding to “Marie-Antoinette” and “SAS Rogue Heroes,” in addition to flagship unscripted IP corresponding to “Masterchef,” “Big Brother” and “Survivor,” which he mentioned “are
relaunching in key markets and entering new territories.”

The government mentioned FL Entertainment will look to “continue to demonstrate its proven ability to delivery profitable growth at scale.”

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