Banijay’s Parent FL Entertainment Makes Stock Market Debut With Revenue Growth to $4.2 Billion in 2022

in 2020 in a splashy $2.2 billion deal, saw its revenue climb by 16.5% – or 13.3% at constant currency — to €3.21 billion in 2022. While its profit margin fell a percentage point of 14.7%, Banijay’s earnings before interest, tax and amortization grew by 9% to €472 million in 2022.

Banijay was listed last year through a newly-created special purpose acquisition company named FL Entertainment. The banner comprises both Banijay and Courbit’s online gambling group Betclic. As a whole, FL Entertainment’s yearly revenue rose by 13.2% at constant currency to €4 billion . Banijay’s strong financial results were bolstered by its content production and distribution activities. The banner’s library of content grew by 30% to 160,000 hours, while revenues from streamingBanijay also expanded its footprint with 15 acquisitions across 10 territories. These include many high-profile labels, notably Alain Goldman’s Légende Films in France , and U.K. banner Kindle Entertainment, whose credits include the Netflix show “The A List.

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