Vivendi, the French media and telecommunications conglomerate has revealed that its revenue grew by 7.9%. Last year for the same period, the group gained EUR 2.1 billion and for this quarter, it has become EUR 2.38 billion.
Pay-TV Canal +, the company's most valuable asset following the spin-off of Universal Music Group, grew sales by 6% to 1.45 billion euros.
Havas Group had a strong start to the year, with organic growth in the double digits. Revenues were €591 million in the first quarter of 2022, increasing 17.7 % from the same period in the previous year. Net revenues were €564 million, up 18.0 % from the first quarter of 2021, with organic growth of +11.4 % (compared to -0.8% in the first quarter of 2021), a +4.4 % currency effect, and a +2.2 % contribution from acquisitions.
For Havas’s growth Vivendi in its press release gives credit to the launch of innovative new offerings Havas CX and Havas Market.
Editis the Vivendi’s subsidiary in publishing has seen the revenue of €160 million for the Q1 2022, a 1.7 % reduction at constant currency and perimeter compared to the same period in 2021. This shift should be considered in the perspective of a market that is down 1.0 % from the same time last year. This shift in dynamics should be viewed in light of last year's exceptional growth; the 2022 market surged by 19.3 % compared to 2019.
The other business segment for Vivendi includes Prisma Media and Gameloft have seen 2.2% and 10.8% growth in revenues respectively.
Prisma Media's revenues in the first quarter of 2022 were €73 million, up 2.2 % in 2021. Digital revenues set a new high, increasing by more than 23% compared to the same time in 2021 and accounting for more than 30% of Prisma Media's total revenue.
Gameloft's revenues in the first quarter of 2022 totaled €61 million, an increase of 10.8% over the same time in 2021 (+10.0% at constant currency and perimeter). The gross margin reached €44 million, an increase of 19.1% over the same time in 2021.
Looking ahead, Vivendi stated that it is confident in its core business's ability to withstand the ongoing effects of the global pandemic. Regarding Russia's invasion of Ukraine, Vivendi stated that it is difficult to predict the indirect influence on the group's future business activity. Vivendi noted that the corporation is present in Ukraine through its Gameloft business and certain communication efforts.