GAUMONT: Consolidated half-year results as of June 30, 2024

Gaumont's Board of Directors closed the accounts as of June 30, 2024. Consolidated revenue reached €94.3 million compared to €91.0 million in 2023, an increase of 2%. Net income, Group share, is zero, compared to a profit of €4.6 million in 2023.

The French film production and distribution sector recorded a turnover of €60.9 million, an increase compared to €38.2 million in 2023. VOD and video sales contributed significantly to this increase with €21.3 million compared to €8.2 million in 2023.

On the other hand, audiovisual production is declining, reaching €29.7 million compared to €48.0 million in 2023. This decline is due, among other things, to a less favorable production cycle this year.

Net cash stood at €32.5 million compared to €40.5 million as of December 31, 2023. Film investments increased, reaching €26.6 million, while those in audiovisual decreased to €11.0 million.

Despite a 6% drop in theater attendance, Gaumont remains optimistic for the end of the year with several planned releases and upcoming deliveries for SVOD platforms.