Vivendi ( (VIVHY) ) has released its Q4 earnings. Here is a breakdown of the information Vivendi presented to its investors.
Vivendi is a prominent player in the content, media, and entertainment sectors, known for its diverse portfolio of both listed and unlisted assets, including a 100% ownership of Gameloft, a leading video game publisher. The company also holds significant stakes in Universal Music Group, Banijay Group, and other major media and telecommunications companies.
In its 2024 annual earnings report, Vivendi highlighted the successful spin-off of several entities, including Canal+, Havas, and Louis Hachette Group. The company reported a net asset value of €4.829 billion, with an investment portfolio valued at over €7.1 billion. Despite a decrease in overall revenues, Vivendi achieved a nearly break-even EBITA, marking an improvement from the previous year.
Key financial metrics from the report include an adjusted net income of €111 million, a significant improvement in Gameloft’s EBITA, and a reduction in corporate costs. The company also noted a substantial contribution from its listed equities, particularly Universal Music Group and Banijay Group. However, Vivendi experienced a net loss attributable to shareowners due to capital losses from the spin-off and other financial adjustments.
Looking ahead, Vivendi remains committed to its growth strategy in the content, media, and entertainment sectors. The company plans to continue supporting Gameloft’s transformation and managing its investment portfolio dynamically. With a solid balance sheet and strong assets, Vivendi is poised to explore new value-creating opportunities.
Vivendi’s management expressed confidence in the company’s ability to create value for stakeholders despite the challenges faced in 2024. The proposed dividend of €0.04 per share reflects the company’s commitment to returning value to shareholders while maintaining a focus on long-term growth and innovation.