Banijay Entertainment reported a 2.2% decline in first-half revenues to €1.37 billion ($1.56 billion) in its first earnings update since completing the acquisition of All3Media. The European production giant cited “anticipated phasing in production and distribution” for the drop, with production volumes falling compared to the same period in 2025. The results do not yet include contributions from All3Media, whose financials will be consolidated in future reports.
Despite the overall dip, Banijay’s live events business posted a 49.8% revenue surge, driven by the FIFA World Cup and the Winter Olympics. The strong performance in live events partially offset weaker production and distribution revenue. The company, which is one of the world’s largest independent content producers, oversees a vast portfolio of formats and scripted series across multiple territories.
The earnings release marks the first financial disclosure after Banijay’s merger with All3Media, a deal that expanded its footprint in unscripted and scripted programming. Analysts had anticipated a transitional period as the integration takes effect. Further details on segment performance and the outlook for the second half were not disclosed in the initial reports.