PARIS: Vivendi SE (Paris: VIV) reported a sharp turnaround in its financial performance for the first half of 2025, with EBITA rising to €18 million, a €47 million improvement over the same period last year. The gains were fueled by strong results from its gaming subsidiary Gameloft, reduced corporate costs, and strategic portfolio adjustments.
Gameloft posted revenues of €143 million, up 8.4% year-over-year at constant currency and perimeter, with EBITA surging by €20 million to €8 million. The company attributed its profitability to a resilient game catalog, led by titles such as Disney Dreamlight Valley and Asphalt Legends Unite, and the successful execution of a cost reduction plan.
Vivendi’s total revenues for the period reached €145 million, an increase of €11 million compared to the first half of 2024. Corporate costs fell to €52 million, down from €65 million a year earlier, reflecting recurring savings and favorable non-recurring effects.
Earnings attributable to Vivendi shareowners amounted to €30 million, or €0.03 per share (basic), compared to €159 million in the first half of 2024. Last year’s figure included significant one-time gains from asset sales and settlements.
The company also reported a substantial reduction in financial net debt, which fell to €1.8 billion as of June 30, 2025, down from €2.6 billion at the end of 2024. This was largely driven by the sale of most of its shares in Telecom Italia (TIM), marking Vivendi’s exit from the telecom sector.
Vivendi increased its stake in Lagardère to over 13% following the subsidiary offer of its 2022 takeover bid. Dividends received from non-consolidated companies totaled €64 million, including contributions from MediaforEurope, Banijay Group, and Lagardère.
Yannick Bolloré, Chairman of Vivendi’s Supervisory Board, and CEO Arnaud de Puyfontaine said the results reflect the group’s strategic focus on content, media, and entertainment, and its commitment to value creation through portfolio optimization.
Vivendi also announced the co-optation of Bernard Osta to its Supervisory Board, replacing Philippe Labro.
The unaudited condensed financial results were approved by Vivendi’s Management Board on July 28, reviewed by the Audit Committee the same day, and validated by the Supervisory Board on July 30.