Canal+ shed 152,000 subs in Asia and Africa over the year to end June, dropping from 8,932,000 on 30 June 2024 to 8,780,000 on 30 June 2025, the company said today.

Reporting its half year results, the company blamed the drop on Asia – particularly the end of a wholesale deal in Vietnam– and reported “slight growth” in the Africa subs base.

“In Asia, the number of subscribers, as well as revenues, declined in Vietnam, due to the termination of a wholesale contract and a decrease in DTH television broadcasting,” the company said.

“The Vietnam business is being closely assessed as its performance has been meaningfully affected by the market environment,” it added.

Revenues from the Africa and Asia segment amounted to €525 million, down -0.5% compared to the first half of 2024, with a decrease in Adjusted EBIT (EBITA) margin before exceptional items from 21.6% to 20.0%.

CANAL+ also reported a loss related to its participation in streaming platform Viu of -€17 million for the first half of 2025, compared to -€18 million in the same period of 2024.

As of 30 June 2025, CANAL+ held 37.32% of Viu’s share capital, representing a +6.9% year-on-year increase in its average economic interest over the first half of 2025.

In Asia, the Group operates in Vietnam through K+, a package of local and international channels jointly owned with Vietnamese public television and Opal, a local shareholder.

The group has also been present in Myanmar for 6 years, where it operates under a joint venture agreement with the Forever Group.