Vivendi : Q3 sales a shade below expectations, no new information on the demerger
>Outperform rating with the outlook of the demerger - Vivendi published its Q3 2024 revenues yesterday evening. The group did not hold a conference call. This publication is based on the scope of future listed entities. Q3 revenues slightly undershot our expectations, with a sharper fall in revenues for Canal+. However, there was nothing dramatic about this performance, which in our view does not represent a break in the trend. The group did not hold a conference call...Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
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