Banijay Group N.V.
BNJ
ISIN NL0015000X07 / Valor 119402751
Banijay Group N.V.
UMushroom community rating:
About company
Banijay Group N.V. is a leading global content producer and distributor, headquartered in France and overseen by CEO Marco Bassetti. Established in 2008, the company encompasses over 130 production entities across 23 countries, generating more than 200,000 hours of diverse content annually. In 2024, Banijay Entertainment and its live events division, Banijay Live, reported revenues of approximately €3.348 billion and an EBITDA of €528 million. The group specializes in both scripted and non-scripted programming, launching over 250 new non-scripted titles and 110 scripted titles, alongside 80 shows tailored for streaming platforms and the creation of 33 unique formats across multiple territories. Banijay is recognized for developing and distributing high-quality intellectual properties, including well-known franchises such as Survivor, Big Brother, Peaky Blinders, and MasterChef, among others, underscoring its significant presence in the global entertainment industry.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (18.05.2026):
Banijay Group N.V. — Q1 2026: For the three-month period ended 31 March 2026 Banijay Group N.V. reported consolidated revenues of €1,148m (+5.8% year‑on‑year), Adjusted EBITDA of €197m (+3.1%), an Adjusted EBITDA margin of 17.1% (vs 17.6% in Q1 2025), operating profit of €105m (‑13.5%), net income of €32m (‑10.9%) and Adjusted Free Cash Flow of €161m (+7.7%). Net financial debt was €2,589m and reported leverage was stable at 2.7x. The report is unaudited and prepared under IAS 34.
Headline financials
Revenues €1,148m (+5.8% vs Q1 2025). Adjusted EBITDA €197m (+3.1%), Adjusted EBITDA margin 17.1% (Q1 2025: 17.6%). Operating profit €105m (Q1 2025: €121m). Net income €32m (Q1 2025: €36m). Adjusted net income (new definition) €57m (+18.1%).
Adjusted free cash flow & cash conversion
Adjusted Free Cash Flow €161m (+7.7% vs Q1 2025). Adjusted cash conversion improved to 82.1% (Q1 2025: 78.7%).
Segment performance — Entertainment & Live
Revenues €714m (+1.5%). Adjusted EBITDA €102m (+12.6%). Operating profit €53m (+32.5%). Growth driven by live experiences (including Milano Cortina Opening Ceremony and Lotchi roll‑outs) while production revenues were down due to commissioning phasing.
Segment performance — Sports betting & Gaming
Revenues €433m (+13.7%). Adjusted EBITDA €97m (‑5.4%). Operating profit €57m (‑34.7%). Report notes 20% growth in Unique Active Players (UAP); sportsbook, casino, poker and turf all contributed, with sportsbook +10.4% (reported) and online casino/poker showing stronger growth.
Major corporate transactions — Tipico acquisition & financing
On 23 April 2026 Banijay completed the acquisition of Tipico Group and holds ~65% of the combined gaming group. Financing finalized in January 2026 comprised €1,000m senior secured notes due 2031, a €1,500m EUR term loan B, a $750m term loan B and a €70m RCF (total financing package €3,139m). The €1,000m notes proceeds were held in escrow as of 31 March 2026.
Major corporate transactions — All3Media / Entertainment combination
On 3 March 2026 Banijay announced a strategic 50/50 combination of Banijay Entertainment with All3Media with expected cash upstream to Banijay Group of €796m (including €625m from RedBird IMI and a €171m pre‑closing dividend). Transaction subject to regulatory approvals and expected to close before fall 2026; expected ~€50m of annual cost synergies.
Liquidity, debt and leverage
Gross cash reported €433m; undrawn Revolving Credit Facility of €280m (plus €67m overdraft capacity not used). Net financial debt €2,589m (up €16m vs 31 Dec 2025); leverage stable at 2.7x. Cost of net debt was reported at about €50m for the quarter.
Cash flow and investing/financing movements
Net cash from operating activities €7m (Q1 2025: €70m). Net cash used in investing €1,030m in Q1 2026 (mainly cash locked in escrow for the €1,000m notes). Net cash from/(used in) financing €944m (largely proceeds from the €1,000m notes). Capital expenditures €24m (Q1 2025: €33m).
Other notable points
Operating costs rose (external expenses up, notably betting taxes) and other operating expenses included M&A and restructuring charges. Tax rate for the quarter ~26.0%. 2026 guidance confirmed: mid‑single‑digit Adjusted EBITDA growth (standalone and pro‑forma) and Adjusted Free Cash Flow conversion around c.80% of Adjusted EBITDA.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4089 M
Market cap (USD)
3,653
Daily traded volume (Shares)
8.55 / 8.45
1 day high/low (USD)
52 weeks high/low (USD)
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Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
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Ratings & reviews
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