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Canal+ Owner Vivendi Posts $4.6B Revenues, Updates On Company Split Study
Canal+ owner Vivendi is still exploring a stock split, as it today posted first quarter revenues of €4.28B, up 5.4%.
The Paris-based company believes its stock price has been “substantially” reduced due to the consolidated nature of its media operations following the listing of Universal Music Group and wants to split its business. Having already outlined a plan to explore dividing pay-TV and content giant Canal+, ad firm Havas and publisher Lagadère, Vivendi said a feasibility study into a stock split had been going since December 2023. “The organic growth of 5.4% compared to the first quarter of 2023 was notably driven by the significant contribution of Lagardère, validating the relevance of the transaction with this group last November and our confidence in the potential of its activities.
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