Vivendi on Wednesday posted a full-year loss of $1.07B (1.01B Euros) for 2022, linked to the deconsolidation of its Telecom Italia stake, but painted a positive picture in terms of its overall health and revenue.
The loss compared with a record profit of $25.9B (24.6B euros) in 2021. Full-year revenues rose 10.1% to $10.1B (9.6B Euros) year-on-year.
EBITA grew 35.6% to $915M (868M Euros). Adjusted net income excluding Telecom Italia increased by 19.4% to $713M (677M Euros).
The group said the rise in revenues had been driven by the performance of communications outfit Havas, pay-TV giant the Canal+ Group and video games specialist Gameloft.
Read more on deadline.com
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