EBITA grew 35.6% to $915M (868M Euros).
Adjusted net income excluding Telecom Italia increased by 19.4% to $713M (677M Euros).
The chapter we wanted to open following the redistribution of UMG group capital is off to a great start.
Vivendi
2022 was a turning point for Vivendi.
Profitability improved compared to 2021, with EBITA rising 7.3% to 515 million.
Revenues for the Canal+ Groups film and TV production and distribution arm Studiocanal fell by 22.8%.
It added that the fall in revenue had not impacted the units EBITA, which increased compared to 2021.
Other streaming services available via bundles on Canal+ include Netflix, Disney+, beIN and OCS.
A memorandum of understanding for the operation was signed at the beginning of the year.
Vivendi said the move demonstrated its confidence in the pay-TV outfit and the African continent.
Vivendi also praised the performance of video game specialist Gameloft.
EBITA was 12 million, up 46.3% year-on-year.
De Puyfontaine said he was confident a solution could be found by early summer.
We were working on finding a solution, said de Puyfontaine.
As you know, in January Vivendi representatives resigned from their role on the board of directors.
This is why we stopped the process of consolidation of Telecom Italia.
This will give Vivendi greater freedom to defend its position outside of governance bodies.
We remain determined to ensure that this companys real value and unique web connection are properly recognized.
He said Vivendis position with regard to Telecom Italia was to be a very active shareholder.
He said there were multiple scenarios that could play out.
You have seen that Lionsgate has announced it wants to sell its studio business.
We are not in a position to comment further until the new structures are set up, he said.
