Upcoming Dividend • Aug 10
Upcoming dividend of €0.93 per share Eligible shareholders must have bought the stock before 17 August 2026. Payment date: 19 August 2026. Payout ratio is a comfortable 71% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Dutch dividend payers (4.6%). Higher than average of industry peers (3.0%). Reported Earnings • Jul 30
Second quarter 2026 earnings released: EPS: €0.079 (vs €0.16 in 2Q 2025) Second quarter 2026 results: EPS: €0.079 (down from €0.16 in 2Q 2025). Revenue: €1.44b (up 28% from 2Q 2025). Net income: €33.3m (down 51% from 2Q 2025). Profit margin: 2.3% (down from 6.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Live News • Jul 30
Banijay Group Completes All3Media Merger and Tipico Integration Announces JOA Acquisition Banijay Group reported H1 2026 results that confirmed its 2026 guidance, highlighted double-digit revenue growth in Sports Betting & Gaming and Live Experiences, and detailed the completed combination with All3Media, the full integration of Tipico, and an agreement to acquire JOA, the second-largest casino operator in France, with closing targeted in H2 2026.
Management expects synergy implementation from the All3Media deal to begin in the second half of 2026, while the Tipico integration and planned JOA acquisition point to Banijay Gaming building a broader omnichannel betting and casino offering.
Banijay Group shares trade at €8.50, with the stock down 1.2% over the past day.
Taken together, these updates show Banijay Group leaning heavily into scale and cross-channel entertainment, while investors still need to watch execution risk around integrating several sizeable transactions at once. Announcement • Jul 29
Banijay Gaming Announces CEO Changes Banijay Group N.V. announced that Antoine Jouteau has been appointed Chief Executive Officer of Banijay Gaming, effective September 1, 2026, to accelerate the company’s growth strategy. Nicolas Béraud, who was serving as interim CEO pending this recruitment, will remain Non-Executive Chairman of the Board of Directors. Following the acquisition of Tipico and in anticipation of the combination with JOA, Antoine Jouteau’s key priorities will include defining an operational excellence model commensurate with Banijay Gaming’s ambitions, accelerating the Group’s growth across its existing regulated markets, and strengthening innovation to better serve customers. He brings more than 20 years of experience in scaling and transforming technology companies, having notably led Leboncoin and its parent company, Adevinta. Announcement • Jul 16
Lionsgate Studios Reportedly Attracts Takeover Interest from Bollore and Banijay Lionsgate Studios Corp. (NYSE:LION) the entertainment company behind the "Hunger Games" and "John Wick" franchises, is exploring a sale and has attracted takeover interest from Bolloré SE (ENXTPA:BOL), as consolidation accelerates across the media industry, three people familiar with the matter said. The company, which has a market value of about $3.8 billion, has been working with an investment bank to evaluate inbound approaches, the sources said, requesting anonymity because the discussions are confidential. Sources warn a deal is not certain, and Lionsgate could still remain independent. Banijay Group N.V. (ENXTAM:BNJ), the television production company behind hits such as "Big Brother" and "Survivor" that earlier this year completed its merger with All3Media, is among other suitors that have considered a bid for Lionsgate Studios, two of the people said. A bid from Banijay may take time as the company remains focused on integrating All3Media, another source added. Bollore wants to bolster the production capabilities of Canal+, the pay-TV company in which it holds a controlling interest. Lionsgate and Banijay declined to comment. Bollore did not respond to a request for comment made outside of business hours. Shares in Lionsgate jumped as much as 9% in after-hours trading following the report by Reuters on possible takeover interest. The interest reflects a broader push by European media companies to build scale and secure sought-after intellectual property as they compete with global streaming giants. Lionsgate Studios owns a catalogue of films and television series that includes "The Twilight Saga" franchises and the recent Michael Jackson biopic "Michael," which grossed more than $1 billion at the box office. The discussions come as Lionsgate director and shareholder Mark Rachesky earlier this month transferred the roughly 10% stake he holds through his private equity fund into a newly created investment vehicle backed by RenWave Kore, according to a securities filing. RenWave Kore, founded in 2024 by Cody Kittle, a former portfolio manager at activist investor Elliott Investment Management, is backed by Sequoia Heritage. The valuation sought by shareholders could make it difficult for bidders to reach an agreement, two of the sources said. One of them added that previous interested parties walked away because of price expectations. Investors are paying 26 times expected pretax profit for shares in Lionsgate, according to LSEG data, a premium to peer companies. Live News • Jul 11
Banijay Group Completes Merger With All3Media Forming Leading Global Production Giant Banijay Group and RedBird IMI have completed the merger of Banijay Entertainment and All3Media, creating what is described as the world’s largest independent production company, headquartered in London with operations across 25 territories.
The combined Banijay Entertainment will be led by Jeff Zucker as Chairman, Marco Bassetti as CEO and Jane Turton as Deputy CEO, bringing together senior leadership from both legacy businesses under a single structure.
Banijay Group shares trade at €8.88, with the stock returning 4.5% year to date, giving investors a reference point as the enlarged company begins operating in its new form.
The merger gives Banijay Group a much broader production footprint and a unified leadership team, which concentrates both opportunity and execution risk in a single, much larger platform. Announcement • Jul 10
Banijay Group N.V. Announces Exceptional Dividend Banijay Group N.V. announced Banijay Group and RedBird IMI, the joint venture backed by RedBird Capital Partners and Abu Dhabi-based IMI media group, announced the successful completion of the merger of Banijay Entertainment and All3Media, creating a leading global media and entertainment powerhouse. This transaction has implied a total cash upstream for Banijay Group of €801 million, including a payment of €625 million to Banijay Group by RedBird IMI and a €176 million pre-closing dividend paid by Banijay Entertainment to Banijay Group to reflect the valuations of All3Media and Banijay Entertainment agreed for the purpose of the transaction, with all payments made in euros. Furthermore, as presented at Banijay Group’s strategic update in March 2026, an exceptional dividend of €0.93 per share will be distributed post this closing to Banijay Group’s shareholders. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Vice Chairman Isabelle Seillier was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 21
Banijay Group N.V. Announces Board and Committee Changes Banijay Group N.V. announced that on 18 May 2026, Anthony Stent Torriani has been appointed as Independent Board member and member of the Audit Committee. He replaces Albert Manzone who resigned. Declared Dividend • May 20
Dividend of €0.35 announced Dividend of €0.35 is the same as last year. Ex-date: 29th May 2026 Payment date: 3rd June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 3 years, but has still been somewhat stable with no excessively large reductions to payments. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 20
Banijay Group N.V. to Report First Half, 2026 Results on Jul 29, 2026 Banijay Group N.V. announced that they will report first half, 2026 results on Jul 29, 2026 Reported Earnings • May 19
First quarter 2026 earnings released First quarter 2026 results: EPS: €0.065. Revenue: €1.15b (up 5.8% from 1Q 2025). Net income: €27.7m (down 16% from 1Q 2025). Profit margin: 2.4% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Entertainment industry in Europe. Live News • May 19
Banijay Group Delivers 9% Q1 Revenue Growth and Maintains 2026 EBITDA Guidance Banijay Group reported Q1 2026 revenue growth of 9%, with adjusted EBITDA up 5.4% and cash conversion above 80%.
The integration of Tipico is reported to be progressing well and is contributing to momentum in the Sports Betting & Gaming and Live Experiences segments.
Management reaffirmed its mid-single-digit EBITDA growth guidance for 2026, while higher restructuring costs weighed on net income and the company continued to face regulatory challenges in France.
The mix of revenue and EBITDA growth, strong cash conversion and confirmed guidance indicates that management is sticking to its current plan while absorbing integration and restructuring costs.
Regulatory risk in France and ongoing M&A activity remain key areas to monitor, particularly for investors focused on earnings quality, cash use and potential changes in the company’s risk profile. Major Estimate Revision • May 15
Consensus revenue estimates increase by 10% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from €5.28b to €5.83b. EPS estimate increased from €0.726 to €0.77 per share. Net income forecast to grow 18% next year vs 29% growth forecast for Entertainment industry in the Netherlands. Consensus price target broadly unchanged at €11.62. Share price rose 10% to €9.34 over the past week. Major Estimate Revision • May 14
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from €5.28b to €5.83b. EPS estimate unchanged from €0.71 at last update. Entertainment industry in the Netherlands expected to see average net income growth of 25% next year. Consensus price target broadly unchanged at €11.38. Share price rose 11% to €9.18 over the past week. Announcement • Apr 19
Banijay Group N.V., Annual General Meeting, May 27, 2026 Banijay Group N.V., Annual General Meeting, May 27, 2026. Location: mediarena 2, 1114 bc amsterdam-duivendrecht, amsterdam Netherlands Announcement • Apr 10
Banijay Group N.V. to Report Q1, 2026 Results on May 18, 2026 Banijay Group N.V. announced that they will report Q1, 2026 results at 5:40 PM, Central European Standard Time on May 18, 2026 Reported Earnings • Mar 06
Full year 2025 earnings released Full year 2025 results: Revenue: €4.88b (up 1.6% from FY 2024). Net income: €247.5m (up 69% from FY 2024). Profit margin: 5.1% (up from 3.0% in FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Entertainment industry in Europe. Announcement • Mar 06
Banijay Group N.V Proposes Dividend for Full Year 2025 Banijay Group N.V. proposed dividend of €0.35 per share, equal to 33.4% payout ratio on Adjusted net income for the full year 2025. Announcement • Jan 15
Banijay Reportedly in Talks to Merge with All3media The production companies behind Peaky Blinders and The Traitors are in talks to merge after abandoning a push to buy ITV's studio division. Banijay Group N.V. (ENXTAM:BNJ), the French company behind, the Birmingham-set gangster drama, as well as MasterChef, is said to be in discussions to merge with Traitors-maker All3Media Limited, owned by RedBird IMI. If confirmed, a tie-up would create one of the world's largest production groups with operations spanning Europe. The joint entity would have around £5 billion in revenues. Banijay, All3Media and RedBird IMI declined to comment. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Negative equity (-€4.2m). Share price has been volatile over the past 3 months (4.8% average weekly change). Major Estimate Revision • Nov 13
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €5.16b to €5.02b. EPS estimate also fell from €0.677 per share to €0.517 per share. Net income forecast to grow 42% next year vs 6.5% growth forecast for Entertainment industry in the Netherlands. Consensus price target broadly unchanged at €12.38. Share price fell 5.1% to €9.35 over the past week. Reported Earnings • Nov 07
Third quarter 2025 earnings released Third quarter 2025 results: EPS: €0.043. Revenue: €1.01b (down 1.8% from 3Q 2024). Net income: €18.4m (up 10% from 3Q 2024). Profit margin: 1.8% (up from 1.6% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Oct 28
Banijay Group N.V. Announces Board Changes, Effective from January 1, 2026 Banijay Group N.V. announced that as of January 1 2026, Nicolas Béraud, Betclic CEO, will become Chairman of the Board of Banijay Gaming. After completion of the transaction, Joachim Baca, former CEO of Tipico, will become Vice-Chairman of the Board of Banijay Gaming. Announcement • Sep 16
Banijay Group N.V. Announces Resignation of François Laroze as Non-Executive Director Banijay Group N.V. announced that Non-Executive Director François Laroze has notified the Company of his intention to resign from its Board of Directors and HR&ESG Committee effective immediately. New Risk • Aug 05
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€30m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Negative equity (-€30m). Announcement • Aug 05
Banijay Group N.V. to Report Q3, 2025 Results on Nov 06, 2025 Banijay Group N.V. announced that they will report Q3, 2025 results on Nov 06, 2025 Reported Earnings • Aug 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €1.13b (up 3.1% from 2Q 2024). Net income: €67.5m (up 290% from 2Q 2024). Profit margin: 6.0% (up from 1.6% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Entertainment industry in Europe. Announcement • Jun 23
Banijay Group N.V. to Report First Half, 2025 Results on Jul 31, 2025 Banijay Group N.V. announced that they will report first half, 2025 results on Jul 31, 2025 Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €8.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Entertainment industry in Europe. Total loss to shareholders of 3.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.66 per share. Price Target Changed • May 30
Price target increased by 9.2% to €11.98 Up from €10.97, the current price target is an average from 4 analysts. New target price is 13% above last closing price of €10.60. Stock is up 16% over the past year. The company is forecast to post earnings per share of €0.79 for next year compared to €0.35 last year. Declared Dividend • May 22
Dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 26th May 2025 Payment date: 12th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has decreased by an average of 1.4% per year over the past 2 years, but has still been somewhat stable with no excessively large reductions to payments. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 110% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 21
Banijay Group N.V. announces Annual dividend, payable on June 12, 2025 Banijay Group N.V. announced Annual dividend of EUR 0.3200 per share payable on June 12, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Reported Earnings • May 16
First quarter 2025 earnings released First quarter 2025 results: EPS: €0.077. Revenue: €1.08b (up 8.3% from 1Q 2024). Net income: €32.8m (up 90% from 1Q 2024). Profit margin: 3.0% (up from 1.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €8.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Entertainment industry in Europe. Total loss to shareholders of 3.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.72 per share. New Risk • Apr 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Dutch stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Dividend is not well covered by earnings (166% payout ratio). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Announcement • Apr 04
Banijay Group N.V., Annual General Meeting, May 22, 2025 Banijay Group N.V., Annual General Meeting, May 22, 2025. Location: mediarena 2, 1114 bc amsterdam-duivendrecht, amsterdam Netherlands Recent Insider Transactions • Mar 13
Non Executive Director recently bought €500k worth of stock On the 10th of March, Alain Jacques Minc bought around 60k shares on-market at roughly €8.40 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €776k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 09
Full year 2024 earnings released Full year 2024 results: Revenue: €4.80b (up 11% from FY 2023). Net income: €146.1m (up 140% from FY 2023). Profit margin: 3.0% (up from 1.4% in FY 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Entertainment industry in Europe. Announcement • Mar 08
Banijay Group N.V. Proposes Dividend Banijay Group N.V. Proposed dividend of €0.35 per share, equal to 35% payout ratio on Adjusted net income. Announcement • Mar 06
Banijay Group N.V. to Report Q1, 2025 Results on May 15, 2025 Banijay Group N.V. announced that they will report Q1, 2025 results After-Market on May 15, 2025 New Risk • Nov 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Negative equity (-€42m). Dividend is not well covered by earnings (166% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Nov 08
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.039. Revenue: €1.03b (up 9.4% from 3Q 2023). Net income: €16.7m (up 114% from 3Q 2023). Profit margin: 1.6% (up from 0.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Entertainment industry in Europe. Announcement • Nov 08
Banijay Group N.V. Confirms Earnings Guidance for the Full Year 2024 Banijay Group N.V. confirms its 2024 guidance of organic Adjusted EBITDA growth in the low teens. This reflects the continued profitable growth expected for each business segment. Strong pipeline at Content production & distribution, expected to generate fiscal year 2024 organic revenue growth: Major scripted shows are expected to be delivered in fourth quarter of 2024, including new seasons of Marie-Antoinette for Canal+, Carême for Apple TV+, and SAS Rogue Heroesfor BBC One in the UK. Announcement • Nov 07
Banijay Group N.V. to Report Fiscal Year 2024 Results on Mar 06, 2025 Banijay Group N.V. announced that they will report fiscal year 2024 results After-Market on Mar 06, 2025 New Risk • Aug 07
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€65m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Negative equity (-€65m). Minor Risks Dividend is not well covered by earnings (166% payout ratio). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Aug 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €1.09b (up 6.8% from 2Q 2023). Net income: €17.3m (up €15.6m from 2Q 2023). Profit margin: 1.6% (up from 0.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Entertainment industry in Europe. Announcement • Aug 02
Banijay Group N.V. to Report Q3, 2024 Results on Nov 07, 2024 Banijay Group N.V. announced that they will report Q3, 2024 results on Nov 07, 2024 Announcement • May 24
FL Entertainment N.V. Approves Dividend for the Financial Year 2023, Payable on 18 June 2024 FL Entertainment N.V. at its AGM held on May 23, 2024 approved the adoption of a dividend of €0.35 per share for the Financial Year 2023, to be paid on 18 June 2024. Major Estimate Revision • May 22
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €4.74b to €4.81b. EPS estimate increased from €0.53 to €0.605 per share. Net income forecast to grow 264% next year vs 21% growth forecast for Entertainment industry in the Netherlands. Consensus price target up from €10.38 to €10.75. Share price was steady at €9.40 over the past week. Reported Earnings • May 17
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.041. Revenue: €1.00b (up 11% from 1Q 2023). Net income: €17.3m (up 276% from 1Q 2023). Profit margin: 1.7% (up from 0.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Entertainment industry in Europe. Price Target Changed • Apr 03
Price target decreased by 8.1% to €9.90 Down from €10.78, the current price target is an average from 3 analysts. New target price is 7.0% above last closing price of €9.25. Stock is down 2.6% over the past year. The company is forecast to post earnings per share of €0.53 for next year compared to €0.15 last year. Price Target Changed • Mar 18
Price target decreased by 8.1% to €9.90 Down from €10.78, the current price target is an average from 3 analysts. New target price is 8.2% above last closing price of €9.15. Stock is up 5.2% over the past year. Reported Earnings • Mar 10
Full year 2023 earnings released Full year 2023 results: Revenue: €8.64b (up 113% from FY 2022). Net income: €121.6m (up €209.6m from FY 2022). Profit margin: 1.4% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Entertainment industry in Europe are expected to grow by 5.7%. Announcement • Mar 09
FL Entertainment N.V. Proposes Dividend for the Financial Year 2023 FL Entertainment N.V. proposed dividend for the financial year 2023 amounts to €148 million, that is €0.35 per share, representing a 46% payout ratio on Adjusted net income. It will be paid fully in cash and will be submitted for approval to the Annual General Meeting on 23 May 2024. Announcement • Mar 08
FL Entertainment N.V. to Report Q1, 2024 Results on May 15, 2024 FL Entertainment N.V. announced that they will report Q1, 2024 results on May 15, 2024 Announcement • Nov 21
FL Entertainment N.V. to Report Fiscal Year 2023 Results on Mar 07, 2024 FL Entertainment N.V. announced that they will report fiscal year 2023 results on Mar 07, 2024 Reported Earnings • Nov 14
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.019. Revenue: €942.9m (up 3.4% from 3Q 2022). Net income: €7.80m (up €66.9m from 3Q 2022). Profit margin: 0.8% (up from net loss in 3Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Entertainment industry in Europe. New Risk • Aug 06
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€123m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-€123m). Minor Risk Paying a dividend despite being loss-making. New Risk • Aug 03
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -€123m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-€123m). Paying a dividend despite being loss-making. Announcement • Jun 22
FL Entertainment N.V. Creates 'Banijay Events' & Appoints François De Brugada as CEO FL Entertainment announced the creation of “Banijay Events”, a live events offering which will capitalise on the company’s expertise and success in content production, as well as expand its capabilities within the wider entertainment industry. The newly developed offering will be led by current Chief Executive Officer of Banijay France, François de Brugada. This announcement follows FL Entertainment’s recent new ventures – an investment into The Independents, and the acquisition of Balich Wonder Studio by Banijay. These investments in the events business, combined with the creation of Banijay Events, showcase FL Entertainment’s ambition to become a global leader in the production of live events. The new offering will sit as part of FL Entertainment’s leading global content production and distribution operations, led by Banijay’s Chief Executive Officer, Marco Bassetti. This strategic initiative is based on the assessment that the live events production industry has significant growth potential. It remains largely unconsolidated and has a business model very similar to that of content production and distribution, on which media and entertainment powerhouse, Banijay, was built. Banijay reached €3.2 billion in revenues for 2022, proving the strength of its long-term creative strategy and approach, on which FL Entertainment will further capitalise. Brugada has served as CEO of Banijay France since 2015, building an ecosystem of the best talents, labels and IP, firmly positioning the group as the country’s undisputed production leader. Having gathered a local holding currently comprising more than 15 production labels, Brugada was responsible for nurturing a local catalogue of almost 3,000 hours of diverse, premium content each year, a portfolio that has continued to evolve and prosper under his guidance. Having first joined Banijay at its inception in 2008 as EVP for Content, Brugada was then appointed Chief Operating Officer, partnering closely with Chairman, Stéphane Courbit, to support the organisation’s initial international expansion ambitions across France, Spain, the US, Nordics, Germany and Australia. In this position, he also initiated internal cross-territory format sharing and helped develop and position the organisation’s worldwide brand. Evolving and executing the group’s dedicated strategy, Brugada will be tasked with growing this part of the business, developing synergies with the rest of the group, and identifying additional companies to build its dedicated portfolio. Recruitment is currently underway to find a replacement CEO for Banijay France, with Brugada remaining in place until at least September, to ensure a smooth and effective transition period. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: €0.011 (vs €0.056 loss in 1Q 2022) First quarter 2023 results: EPS: €0.011 (up from €0.056 loss in 1Q 2022). Revenue: €900.2m (flat on 1Q 2022). Net income: €4.60m (up €14.7m from 1Q 2022). Profit margin: 0.5% (up from net loss in 1Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Entertainment industry in Europe. Reported Earnings • Jun 01
First quarter 2023 earnings released: EPS: €0.011 (vs €0.056 loss in 1Q 2022) First quarter 2023 results: EPS: €0.011 (up from €0.056 loss in 1Q 2022). Revenue: €900.2m (flat on 1Q 2022). Net income: €4.60m (up €14.7m from 1Q 2022). Profit margin: 0.5% (up from net loss in 1Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Entertainment industry in Europe. Announcement • May 31
FL Entertainment N.V. to Report First Half, 2023 Results on Aug 02, 2023 FL Entertainment N.V. announced that they will report first half, 2023 results on Aug 02, 2023 Reported Earnings • May 03
Full year 2022 earnings released: €0.30 loss per share (vs €0.24 loss in FY 2021) Full year 2022 results: €0.30 loss per share (further deteriorated from €0.24 loss in FY 2021). Revenue: €4.05b (up 16% from FY 2021). Net loss: €88.0m (loss widened 105% from FY 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Europe. Recent Insider Transactions • May 01
Non Executive Chairman recently bought €586k worth of stock On the 27th of April, Stephane Courbit bought around 58k shares on-market at roughly €10.18 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephane has been a buyer over the last 12 months, purchasing a net total of €1.4m worth in shares. Recent Insider Transactions • Apr 06
Non Executive Chairman recently bought €389k worth of stock On the 3rd of April, Stephane Courbit bought around 41k shares on-market at roughly €9.46 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephane has been a buyer over the last 12 months, purchasing a net total of €598k worth in shares. Recent Insider Transactions • Mar 27
Non Executive Chairman recently bought €112k worth of stock On the 23rd of March, Stephane Courbit bought around 12k shares on-market at roughly €9.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Stephane has been a buyer over the last 12 months, purchasing a net total of €167k worth in shares. Reported Earnings • Mar 17
Full year 2022 earnings released Full year 2022 results: Revenue: €4.05b (up 16% from FY 2021). Net loss: €88.0m (loss widened 105% from FY 2021). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Entertainment industry in Europe. Announcement • Jan 03
FL Entertainment N.V. to Report Fiscal Year 2022 Results on Mar 16, 2023 FL Entertainment N.V. announced that they will report fiscal year 2022 results on Mar 16, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
