Core Points - Banijay Group N.V. held its Annual General Meeting of Shareholders (AGM) where all resolutions were adopted with over 99% of votes cast [2] - The AGM included the adoption of the annual accounts for the Financial Year 2024 and a distribution of €0.35 per share, scheduled for payment on 12 June 2025 [2] - Detailed voting results will be published on Banijay Group's website within 15 days, in compliance with the Dutch Financial Supervision Act [2] Company Overview - Banijay Group is a global entertainment leader founded by Stéphane Courbit, focusing on providing engaging and innovative entertainment experiences [3] - The company's activities encompass content production and distribution, live experiences, and online sports betting and gaming [3] - In 2024, Banijay Group reported revenue of €4.8 billion and Adjusted EBITDA of €900 million [3] Stock Information - Banijay Group is listed on Euronext Amsterdam with the ISIN NL0015000X07 and Bloomberg ticker FLE NA [4]

Core Points - Ms. Susana Gallardo Torrededia has stepped down as a non-executive board member of the company due to personal reasons, leading to the removal of her re-appointment proposal from the agenda of the annual general meeting scheduled for May 22, 2025 [2] Company Overview - Banijay Group is a global entertainment leader founded by Stéphane Courbit, focusing on providing engaging and innovative entertainment experiences [3] - The company's activities include content production and distribution, live experiences, and online sports betting and gaming [3] - In 2024, Banijay Group reported revenue of €4.8 billion and Adjusted EBITDA of €900 million [3] - The company is listed on Euronext Amsterdam with the ISIN: NL0015000X07 [3]

Core Insights - The company reported a solid start to 2025 with double-digit adjusted EBITDA growth across all activities, indicating strong operational performance and alignment with 2025 guidance targets [2][10][31] Financial Highlights - Revenue increased by 7.8% to €1,084 million, with adjusted EBITDA rising by 16.5% to €191 million, resulting in an EBITDA margin improvement of 120 basis points to 17.6% compared to Q1 2024 [8][15][56] - Adjusted net income grew by 10.5% to €81 million, while net income reached €36 million, a significant increase from €19 million in Q1 2024 [8][15][60] - Adjusted free cash flow conversion was approximately 79%, slightly down from 81% in Q1 2024 [8][61] Business Highlights - Content production and distribution revenue grew by 4.7% at constant exchange rates, driven by strong scripted deliveries and performance of superbrands [8][32][41] - Live experiences revenue decreased by 10.8% due to seasonality, with major show deliveries expected in the second half of 2025 [8][50][33] - Online sports betting and gaming revenue surged by 18.2%, with a 33% increase in Unique Active Players, supported by a robust sportsbook app and successful poker platform launch [8][12][53] Strategic Developments - The company announced a strategic alliance with Base and AWS to enhance its digital transformation and operational efficiency [18] - The merger of Shine Fiction and Banijay Studios France aims to strengthen the scripted content offering in France [19] - The acquisition of Lotchi and the launch of Banijay Live Studio are key initiatives to expand immersive live experiences [20][21] Market Outlook - The company anticipates mid-single digit organic revenue growth in content production and distribution, mid-teens growth in online sports betting and gaming, and mid-to-high single digit organic adjusted EBITDA growth for 2025 [35][36] - The impact of increased public levies on online gaming in France is expected to affect profitability, with an estimated €20 million reduction in adjusted EBITDA for 2025 [26][27]