The French-based entertainment company, the Banijay Group, sees revenue rise by 7.8% with the launch of a new poker platform driving strong performance.
The company’s revenue totalled €1,084m in the first quarter of 2025, with adjusted EBITDA up 16.5% to €191m.
The adjusted net income is up 10.5% at current currencies to €81m, with net income at €36m. In the first quarter of 2024, the net income stood at €19m.
As for what has driven the increases, the online sports betting and gaming side saw revenue increase by a huge 18.2% to €381m “with strong growth in all products and geographies.”
There was strong growth in Unique Active Players as these rose by 33% compared to Q1 2024, with this said to be bolstered by the robustness of the sportsbook app with 100% uptime during major sports events and the continuous improvement of UX.
Banijay Group sees boost in revenue, with poker platform recently launched
One of the major positives has been the “successful launch of the new poker platform in Q4” with poker still showing high performance.
Speaking about the Q1 of 2025 results, the CEO of Banijay Group, François Riahi said: “We are pleased to report a strong start to 2025. We recorded double-digit earnings growth across all
activities and are well on track to meet our guidance targets for the year.
“In Content production & distribution, solid revenue growth was driven by the delivery of a strong slate of scripted shows, while our iconic superbrands continued to perform.”
The company will have its first Capital Markets Day on 16 May. “Online sports betting & gaming delivered a very strong performance again in all markets and activities, with revenue up +18.2%, with a 33% increase in Unique Active Players, which is the key indicator in terms of commercial development.
“The successful launch of a new proprietary poker app in Q4 2024 and effective cross-selling between products resulted in strong results from our poker business this quarter, and we expect to see continued momentum in this business line for the rest of the year.”
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