Reported about 7 hours ago
French media giant Banijay reported a 10% increase in profits for the first nine months of 2025, bolstered by its betting division, which is set to expand significantly following a major acquisition of Germany's Tipico. Despite being a smaller portion of the total revenue, the gaming sector contributed substantially to profit margins, showcasing its lucrative nature compared to traditional content production. Banijay anticipates changes in its revenue growth prospects, adjusting expectations for entertainment while maintaining optimism for gaming.
Source: YAHOO