Banijays Parent FL Entertainment Makes Stock Market Debut With Revenue Growth To $4.2 Billion In 2022


Banijays Parent FL Entertainment Makes Stock Market Debut With Revenue Growth To .2 Billion In 2022

© Banigai

Banijay, the television production and distribution center for Survivor and sharpshooter Stefan Curby, debuted on the Amsterdam Stock Exchange.

The Paris-based company, which acquired Endemol Shine Group in 2020 for $2.2 billion, grew revenue 16.5%, or 13.3% in constant currency, to €3.21 billion ($3.4 billion) in 2022. Margins fell up 1% to 14.7%, while Banijay's EBITDA rose 9% to 472 million euros ($501 million) in 2022. Upbeat results compared to competitor Fremantle, then EBITDA of 162,000,000 euro. At the same time it increased by 15 percent.

Banijay was registered last year through a newly formed specialty buying company called FL Entertainment. The logo consists of a combination of online games Betclic Banijay and Courbit. Overall, FL Entertainment's annual revenue grew by 13.2% in constant currency to €4 billion ($4.2 billion).

Banijay's strong financial results are supported by its content production and distribution activities. Banner content library expands by 30% to 160,000 hours, revenue stream increases.

platforms by 61 percent.

Banijay has also expanded its presence through 15 acquisitions in 10 territories. This included several big-name labels, notably Alain Goldman's Légende Films in France (renamed Montmartre Films) and UK label Kindle Entertainment, whose credits include Netflix's The A List.

François Riaghi, CEO of FL Entertainment, said: “2022 was an exceptional year for FL Entertainment.

According to Riahi, the company's "strong earnings growth" in content production and distribution is due to new scripted series such as Marie Antoinette and SAS Heroes, as well as major unscripted projects such as MasterChef. Big Brother" and "Survivor" meaning

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Re-launching in key markets and entering new territories.”

FL Entertainment will continue to demonstrate its proven ability to deliver profitable growth at scale,” said CEO FL Entertainment.

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