EuropaCorp (ALECP) H2 25/26 earnings summary

Executive summary

• Full-year revenue reached €26.1 million, down 17% year-over-year, mainly due to lower international sales after a strong prior year from Dracula deliveries.

• TV/SVOD sales more than doubled, driven by new rights windows for catalogue titles, especially the Taxi franchise.

• Theatrical distribution revenue was negligible, as Dracula was distributed by a partner in France.

• Upcoming releases include Father Joe and Deviens Génial, with an active development slate of around fifteen projects.

Financial highlights

• International sales generated €11.7 million (45% of revenue), down from €22.0 million the previous year.

• TV & SVOD revenue surged to €12.1 million (46% of revenue), more than doubling year-over-year.

• Video & VOD revenue was €1.1 million, slightly down from €1.2 million year-over-year.

• Series revenue dropped to €0.1 million from €0.8 million, mainly from Taken series royalties.

• Other activities contributed €1.2 million, down from €2.2 million, due to lower co-production and private copying revenues.

Outlook and guidance

• Revenue from Dracula's U.S. exploitation will be recognized in the next fiscal year, expected to support future results.

• Strategy focuses on enhancing catalogue value, developing series from flagship franchises, and pursuing high-potential international content.

• Market remains selective, with emphasis on strategic European co-productions and adapting to evolving broadcaster and streaming platform demands.