Vivendi's net asset value climbs to $5.9 billion

(Reuters) -French media conglomerate Vivendi said on Monday that the net asset value of its investments grew to 5.2 billion euros ($5.9 billion) as of March 31, 7.8% higher compared with December 31.

Vivendi's net debt was 1.7 billion euros as of March 31, 2025, down from 2 billion euros as of December 2024, after it sold the bulk of its stake in Telecom Italia (TIM) to Poste Italiane.

"Our divestment from the telecoms industry led us to sell most of our stake in TIM, resulting in a substantial decrease in our financial net debt," the company said in a statement.

Its revenue for the first quarter of 2025 were 69.4 million euros.

This is the first time the company has published its quarterly revenues since its massive breakup at the end of 2024.

According to Vivendi, the revenue brought by the current assets in the first quarter last year were 69 million euros.

($1 = 0.8793 euros)

(Reporting by Leo Marchandon; Editing by Mrigank Dhaniwala and Rashmi Aich)