Vivendi has reported a significant increase in revenues for the year 2023, with a rise of 9.5% to €10.5 billion ($11.4 billion). This growth has been attributed to the strong performance of subsidiaries such as Canal+ Group and Havas, as well as the recent integration of Lagardere, a leading French media and publishing giant.
Canal+ Group, which includes popular entities like Canal+ and Studiocanal, has been focusing on expanding its international presence in regions like Asia, the Nordic countries, and Africa. The group has made strategic investments in companies like Viu in China and MultiChoice in South Africa, demonstrating its commitment to global expansion.
Studiocanal, a part of Canal+ Group, has also seen success in the theatrical market, with hits like Alibi.com, All Your Faces, and The Animal Kingdom performing well in France. Lagardere, another key player in Vivendi’s portfolio, saw a revenue increase of 16.6% in 2023, driven by its travel retail and publishing activities.
Yannick Bolloré, chairman of Vivendi’s supervisory board, highlighted the acquisition of Lagardere as a transformative move that has positioned the company as a major player in the publishing and travel retail sectors. With a combined workforce of nearly 73,000 employees, Vivendi is now well-positioned to capitalize on the synergies between its various businesses.
Looking ahead, Vivendi is exploring the possibility of splitting the company into three separate entities focused on pay TV, advertising, and investments. This strategic move, if approved, aims to unlock value for shareholders and create independent entities capable of driving their growth trajectories in the international market.
Overall, Vivendi’s strong financial performance in 2023 reflects its strategic vision and focus on expanding its global footprint across diverse sectors. With a solid foundation in place, the company is well-positioned to navigate the ever-changing landscape of the media and entertainment industry.
