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Vivendi's net asset value falls to 5.5 billion euros after telecom stakes sales

Published by Global Banking & Finance Review®

Posted on March 12, 2026

2 min read

Last updated: March 12, 2026

Vivendi's net asset value falls to 5.5 billion euros after telecom stakes sales - Finance news and analysis from Global Banking & Finance Review

Tags:Finance Banking Markets

Quick Summary

Vivendi’s net asset value (NAV) dropped to €5.53 billion at end‑2025 from €6.89 billion a year earlier following stake sales in TIM and Telefónica, while net debt fell to €1.5 billion from €2.6 billion.

Vivendi's net asset value falls to 5.5 billion euros after telecom stakes sales

Vivendi Reports Decline in Portfolio Value and Strategic Refocus

By Leo Marchandon

March 12 - Vivendi on Thursday reported its portfolio of listed holdings fell to 5.53 billion euros ($6.37 billion) at end-2025 from 6.89 billion euros a year earlier after selling its stakes in Italian and Spanish telecom operators TIM and Telefónica.

Financial Position and Debt Reduction

It also reduced its net debt to 1.5 billion euros as of December 31, 2025 from 2.6 billion euros a year earlier.

Strategic Divestment and Business Refocus

Chairman of the Board Yannick Bolloré said in a statement that Vivendi sold the "telecoms holdings in Italy and Spain to refocus on a portfolio of activities in content, media, and entertainment"
Regulatory Developments

AMF Ruling and Supreme Court Retrial

France's AMF markets regulator on December 4, 2025 declared lapsed its earlier requirement for the Bolloré group to launch a public buyout offer for Vivendi, following a Supreme Court order for a retrial

Upcoming Legal Proceedings

Oral arguments in the retrial are scheduled for May 22, 2026
Revenue and Earnings Performance

Gameloft Revenue Growth

Vivendi's revenues, coming from fully-owned mobile games studio Gameloft, rose 4.2% at constant currency and perimeter to 303 million euros in 2025

Shareholder Earnings

Earnings attributable to Vivendi shareholders amounted to a profit of 20 million euros in 2025
Cost-Cutting and Restructuring Initiatives

Operating Cost Reductions

Corporate operating costs fell by 27 million euros compared to 2024, as part of an ongoing cost-cutting drive at the group's Paris headquarters

Mutual Termination Procedure

Vivendi has initiated a collective mutual termination procedure with trade unions it said could be signed and implemented before June, without mentioning headcount reduction targets

($1 = 0.8678 euros)

(Reporting by Leo Marchandon in Gdansk; Editing by Matt Scuffham)

Key Takeaways

•Vivendi reduced its NAV significantly—about €1.36 billion year‑on‑year—after divesting stakes in Telecom Italia and Telefónica, reflecting strategic refocusing.
•Net debt was lowered by over €1 billion to €1.5 billion at end‑2025, underscoring improved balance‑sheet strength.
•The NAV decline contrasts with a NAV of €4.83 billion at end‑2024, showing volatile asset valuation amid restructuring movements.

Frequently Asked Questions about Vivendi's net asset value falls to 5.5 billion euros after telecom stakes sales

1What is Vivendi's net asset value at the end of 2025?

Vivendi's net asset value at the end of 2025 is 5.53 billion euros.

2Why did Vivendi's net asset value decrease?

Vivendi's net asset value decreased mainly due to the sale of its stakes in Italian and Spanish telecom operators TIM and Telefónica.

3How much net debt did Vivendi report as of December 31, 2025?

Vivendi reported net debt of 1.5 billion euros as of December 31, 2025.

4What was Vivendi's portfolio value a year ago?

Vivendi's portfolio of listed holdings was valued at 6.89 billion euros a year ago.

Strategic Divestment and Business Refocus

Chairman of the Board Yannick Bolloré said in a statement that Vivendi sold the "telecoms holdings in Italy and Spain to refocus on a portfolio of activities in content, media, and entertainment"

Regulatory Developments

AMF Ruling and Supreme Court Retrial

France's AMF markets regulator on December 4, 2025 declared lapsed its earlier requirement for the Bolloré group to launch a public buyout offer for Vivendi, following a Supreme Court order for a retrial

Upcoming Legal Proceedings

Oral arguments in the retrial are scheduled for May 22, 2026

Revenue and Earnings Performance

Gameloft Revenue Growth

Vivendi's revenues, coming from fully-owned mobile games studio Gameloft, rose 4.2% at constant currency and perimeter to 303 million euros in 2025

Shareholder Earnings

Earnings attributable to Vivendi shareholders amounted to a profit of 20 million euros in 2025

Cost-Cutting and Restructuring Initiatives

Operating Cost Reductions

Corporate operating costs fell by 27 million euros compared to 2024, as part of an ongoing cost-cutting drive at the group's Paris headquarters

Mutual Termination Procedure

Vivendi has initiated a collective mutual termination procedure with trade unions it said could be signed and implemented before June, without mentioning headcount reduction targets

($1 = 0.8678 euros)

(Reporting by Leo Marchandon in Gdansk; Editing by Matt Scuffham)

Key Takeaways

•Vivendi reduced its NAV significantly—about €1.36 billion year‑on‑year—after divesting stakes in Telecom Italia and Telefónica, reflecting strategic refocusing.

•Net debt was lowered by over €1 billion to €1.5 billion at end‑2025, underscoring improved balance‑sheet strength.

•The NAV decline contrasts with a NAV of €4.83 billion at end‑2024, showing volatile asset valuation amid restructuring movements.

Frequently Asked Questions

1What is Vivendi's net asset value at the end of 2025?

Vivendi's net asset value at the end of 2025 is 5.53 billion euros.

2Why did Vivendi's net asset value decrease?

Vivendi's net asset value decreased mainly due to the sale of its stakes in Italian and Spanish telecom operators TIM and Telefónica.

3How much net debt did Vivendi report as of December 31, 2025?

Vivendi reported net debt of 1.5 billion euros as of December 31, 2025.

4What was Vivendi's portfolio value a year ago?

Vivendi's portfolio of listed holdings was valued at 6.89 billion euros a year ago.