Canal+ has reported its full-year 2025 results, exceeding its own guidance on profitability and cash flow, despite a 6% revenue decline and continued to lose subscribers. The company also announced partnerships with Google Cloud, OpenAI and Sky, and confirmed it is exiting the loss-making Showmax streaming venture. Despite these challenges, Canal+ topped its adjusted EBIT (EBIT) of €527 million ($611 million), against guidance of €515 million ($598 million). The company now counts 42.3 million subscribers and revenues of €8.67 billion ($10.06 billion) and adjusted EBT of €701 million ($813 million). It also announced a multi-year partnership with Google to use its generative AI technologies to accelerate the indexing of Canal+’s content library and create more personalized recommendations on the Canal+ App.