Banijay Entertainment, the European production giant that sits within Banijay Group, has reported flat revenues of €3.3B ($3.5M) for 2024.
The owner of Peaky Blinders and MasterChef posted stable sales amid what it described as “industry headwinds,” including streamers and broadcasters cutting spending.
Content production revenue stood at €2.6B last year, down 2.8% compared with 2023, though Banijay did point to a strong final quarter due to the phased delivery of scripted series.
Banijay Entertainment’s adjusted EBITDA grew 6.6% to €528M at constant exchange rates, according to full-year earnings for the Euronext-listed company. Its adjusted EBITDA margin was 15.8%.
The growth at Banijay Group was generated by the company’s betting business. Group revenues climbed nearly 11% to €4.8B, while adjusted EBITDA rose 21.6% to €90M. Online sports betting and gaming sales rocketed 45.4% to €1.4B.
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Banijay Group CEO François Riahi said: “Banijay Group enjoyed a record year in 2024 … Even in a challenging global content production market context, we continued to see strong demand – especially from streaming platforms – for our iconic brands and deep content catalogue.”
Banijay touted the acquisition of Peaky Blinders producer Caryn Mandabach Productions among its 2024 highlights, while global sales for reality series The Summit were also notable.
