REG-Banijay Group: H1 2026 results
Banijay Group reported H1 2026 revenue of €2.58 billion, up 16.9% year-on-year on a reported basis, with Adjusted EBITDA rising 18.5% to €503 million. The company confirmed its FY2026 guidance for mid-single-digit adjusted EBITDA growth, expecting acceleration in the second half driven by the FIFA World Cup and content deliveries. Strategic milestones included the completion of the All3Media combination in July and the integration of Tipico, creating a global entertainment powerhouse with c.€50 million of synergies expected. Banijay also signed an agreement to acquire JOA for €465 million to drive its omnichannel strategy.
Key figures
- Guidance
- FY2026 Adjusted EBITDA growth: mid-single-digit growth (both standalone and pro forma); Adjusted Free cash flow conversion: c.80% of Adjusted EBITDA
- Revenue Yoy
- 16.9%
- Adjusted ebitda
- 502900000
- Entertainment revenue
- 1372000000
- Adjusted ebitda margin
- 19.5%
- Sports betting revenue
- 1211000000
- Adjusted free cash flow
- 411400000
- Leverage ratio reported
- 3.9x
- Leverage ratio pro forma
- 3.6x
- Special dividend per share
- €0.93
AI analysis
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