March 12 - Vivendi on Thursday reported its portfolio of listed holdings fell to 5.53 billion euros ($6.37 billion) at end-2025 from 6.89 billion euros a year earlier after selling its stakes in
Vivendi's net asset value falls to 5.5 billion euros after telecom stakes sales
Vivendi Reports Decline in Portfolio Value and Strategic Refocus
By Leo Marchandon
March 12 - Vivendi on Thursday reported its portfolio of listed holdings fell to 5.53 billion euros ($6.37 billion) at end-2025 from 6.89 billion euros a year earlier after selling its stakes in Italian and Spanish telecom operators TIM and Telefónica.
Financial Position and Debt Reduction
It also reduced its net debt to 1.5 billion euros as of December 31, 2025 from 2.6 billion euros a year earlier.
-
Strategic Divestment and Business Refocus
Chairman of the Board Yannick Bolloré said in a statement that Vivendi sold the "telecoms holdings in Italy and Spain to refocus on a portfolio of activities in content, media, and entertainment"
-
Regulatory Developments
AMF Ruling and Supreme Court Retrial
France's AMF markets regulator on December 4, 2025 declared lapsed its earlier requirement for the Bolloré group to launch a public buyout offer for Vivendi, following a Supreme Court order for a retrial
Upcoming Legal Proceedings
Oral arguments in the retrial are scheduled for May 22, 2026
-
Revenue and Earnings Performance
Gameloft Revenue Growth
Vivendi's revenues, coming from fully-owned mobile games studio Gameloft, rose 4.2% at constant currency and perimeter to 303 million euros in 2025
Shareholder Earnings
Earnings attributable to Vivendi shareholders amounted to a profit of 20 million euros in 2025
-
Cost-Cutting and Restructuring Initiatives
Operating Cost Reductions
Corporate operating costs fell by 27 million euros compared to 2024, as part of an ongoing cost-cutting drive at the group's Paris headquarters
Mutual Termination Procedure
Vivendi has initiated a collective mutual termination procedure with trade unions it said could be signed and implemented before June, without mentioning headcount reduction targets
($1 = 0.8678 euros)
(Reporting by Leo Marchandon in Gdansk; Editing by Matt Scuffham)
