Xilam Animation

2023 Full-Year Revenue - Seite 2

Sales of new productions and developments rose to €30.6 million in 2023, an increase of 21%. This included 26% growth for Xilam alone, with Cube's contribution down as the company continued to rebuild its order book.

Servicing (work for hire) represented 75% of sales, compared with 51% in 2022, which largely reflected the success of the Group's diversification into the young-adult segment for streaming platforms. The Group worked on five such productions in 2023: two for Netflix, Twilight of the Gods, an epic action series for a young-adult audience, and The Seven Bears, a 3D series for families (Folivari production); two for Disney+, The Doomies, a horror comedy for teen viewers, and the second season of Chip'n Dale, for a family audience; and one for France Télévisions, My Life in Versailles, also for a family audience (Films Grand Huit production).

Proprietary productions accounted for 25% of sales, with five productions: the fourth season of Zig & Sharko, the second season of Mr Magoo, the fourth season of Athleticus, the second season of Lupin's Tales and the first season of Buddybot, an eco-comedy for children.

In the medium term, the Group is aiming to strike a balance between servicing, which quickly generates cash flow, and proprietary productions, which enrich the catalogue and create long-term value.

Strong catalogue sales at €9.2 million

Catalogue sales were down slightly (-11%) from the record seen in 2022 but were 43% higher than in 2021, confirming solid impetus for the Group's franchises and a new milestone of close to €10 million.

Xilam's three flagship franchises—Oggy and the Cockroaches, Zig & Sharko and, to a lesser extent, Chicky (a relatively new addition from the Cube catalogue)—continued to generate upside momentum. They represented 62% of revenue, compared with 72% in 2022, reflecting the solid performance of other series.

A strong catalogue is one of the pillars of Xilam's proprietary model, underpinned by regular new-season launches and the search for fresh creations.

Total sales, excluding grants, rose 11% to €39.7 million

Total sales, excluding grants, climbed 11% to €39.7 million, driven by strong sales of new productions and developments.

International sales accounted for 77% of that total, largely on a par with 2022, including a significantly higher share in the catalogue (87%).

Digital streaming platforms accounted for 68% of sales, stable in comparison to 2022. They were driven by new productions and developments, while traditional linear channels continued to make up the lion's share of catalogue sales.