Canal+ Shares Drop 17 Percent on MultiChoice Warning
Canal+ shares fell 17 percent on Wednesday after the group warned of subscriber losses at MultiChoice. The firm plans to shut down Showmax to revive growth.
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Canal+ S.A. shares experienced their sharpest decline on record Wednesday after the media group warned of a challenging outlook for its African operations. The company, headquartered in France, saw its stock price drop 17% in the United Kingdom, marking its worst trading day since debuting in London 15 months ago. The sell-off followed reports that its MultiChoice unit lost approximately 500,000 subscribers in 2025, with the total base falling to 14.4 million.
