Vivendi (VIV) Q1 2026 TU earnings summary

Executive summary

• Revenues reached €69 million for Q1 2026, up 1.3% at constant currency and perimeter year-over-year.

• Growth was driven by Gameloft, which maintained momentum despite a sluggish video game market.

• Strategic expansion included the acquisition of Prisma Media's luxury division and the launch of V Collection.

Financial highlights

• Q1 2026 revenues: €69 million, up 1.3% at constant currency and perimeter compared to Q1 2025.

• Gameloft revenues: €68 million, with PC/Consoles at €35 million (+11.0%) and Mobile at €33 million (-7.1%) year-over-year.

• Portfolio of listed holdings valued at €4,426 million as of March 31, 2026, down from €5,532 million at December 31, 2025.

• Financial net debt stood at €1,554 million as of March 31, 2026, up from €1,501 million at year-end 2025.

Outlook and guidance

• Two new Gameloft games, Nickelodeon Extreme Tennis: Next! and Bluey's Happy Snaps, are scheduled for release in 2026.

• V Collection will contribute to consolidated revenues starting Q2 2026.

• Portfolio value rebounded to €5,188 million by April 20, 2026, reflecting a recovery in Universal Music Group's share price.