EuropaCorp: Revenue Down 17%, TV and SVOD Surge
For the fiscal year 2025/2026 ending on March 31, 2026, the consolidated revenue stood at €26.1 million. Behind this overall decline, a redistribution of revenue sources is evident: while international sales plummeted (−47%), revenues from television and SVOD skyrocketed (+130%), signaling a shift in the economic model of the independent group.
Overall Contraction Driven by the Decline in International Sales
The annual revenue of €26.1 million primarily reflects the impact of the decrease in deliveries to international film distributors of Dracula compared to the previous fiscal year. International sales dropped to €11.7 million (45% of the total), down from €22.0 million a year earlier, a contraction of 47%. The previous year had benefited from the deliveries of the Dracula film.
Conversely, Dracula generated delayed revenues: released in France on July 30, 2025, it attracted over 650,000 viewers, ranking among the top French box office successes of the summer. In the United States, distributed by Vertical Entertainment in February 2026, Dracula generated over $13 million at the box office. These performances strengthen the long-term value of the film in the group's catalog. However, the recognition of these American revenues will occur in the next fiscal year, explaining the partial deferral of expected gains.
Decisive Impact of Television and SVOD in the New Model
The structural transformation focuses on one segment: television and SVOD revenues more than doubled, rising from €5.2 million to €12.1 million, an increase of 130%. They now represent 46% of the total revenue, up from 17% the previous year.
This surge primarily stems from the opening of new broadcasting windows for the Taxi and Transporter franchises, as well as for Lucy and Bis in the French market, indicating a ramp-up in the monetization of the catalog by streaming platforms and broadcasters. The theatrical segment remains almost non-existent (€0 million, compared to €0.2 million), as Dracula was distributed in France by SND, in co-production with LBP. Video and VOD revenues show relative stability (€1.1 million, compared to €1.2 million), while series revenues have contracted sharply (−92%, from €0.8 million to €0.1 million).
A Portfolio of Operations Cushioning Risks by the End of 2026
In terms of outlook, EuropaCorp continues its strategy focused on the valorization of the catalog and the development of series adapted from its flagship franchises. Two films are either in finalization or imminent release. Father Joe, written by Luc Besson and directed by Barthélemy Grossmann, featuring Kiefer Sutherland and Al Pacino, is in post-production. Deviens Génial, co-produced with Nolita and directed by Léo Grandperret, featuring Manu Payet and Melha Bedia, will be released in French theaters on June 17, 2026.
The group also has about fifteen projects (films and series) in active development, in French and English. Despite a market characterized by increased selectivity from broadcasters and streaming platforms, the group is counting on strategic European co-productions and the international potential of new content to rejuvenate its revenues. The central challenge remains the ability to support the monetization of the underutilized catalog while maintaining a regular production of works with high international potential.
