Media, Entertainment & Telecommunications Holding Company
Strategic Profile
Vivendi's portfolio includes stakes in Gameloft (100%-owned), Universal Music Group (9.94%-owned), Banijay (19.21%-owned), TIM (23.75%-owned), MediaForEurope (19.78%-owned), Telefónica (1.04%-owned), and Prisa (11.87%-owned). The restructuring positions Vivendi as an investment holding company leveraging leadership positions across gaming, music, telecom, and media sectors globally.
Cyborg Score Rationale
Vivendi demonstrates strong fundamentals with net debt to EBITDA ratio x0.99 and EBITDA +35.6% increase YoY, but faces headwinds from the recent transformational demerger with spun-off entities underperforming market expectations. Stock has declined 25.25% over the past year despite strategic positioning.
Top Insights
Major demerger completed December 13, 2024, separating Canal+, Lagardère, and Havas into independent listed entities
Strong Gameloft investment complementing media portfolio, competing with Netflix and HBO in streaming
FY 2024 NAV at €4.829B (€4.69/share) with investments worth €7.1B, near break-even EBITA and adjusted net income of €111M
Stock down 16.76% YoY amid market skepticism about demerger value creation, creating potential contrarian opportunity
Named Competitors
Streaming & Content — Video streaming entertainment services
Gaming — Console and mobile gaming platforms
Music — Digital music and publishing services
Telecom — European telecommunications services
Recent Developments
(December 2024) Completed major spin-off separating Canal+, Lagardère, and Havas into independent entities
(March 2025) Released FY 2024 results showing €4.83B NAV with €7.1B in investment portfolio
(March 2026) Stock trading near 2-year lows amid broader market skepticism but stable fundamentals
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