Discussion with Lorella Gessa, Chief Communications Officer of Vivendi
The meeting of Vivendi’s Individual Shareholders Committee began with a discussion with Lorella Gessa, Chief Communications Officer of Vivendi, who commented on the Group’s recent developments following its split into four entities in December 2024.
She provided an update on Gameloft and the new Group’s holdings before reiterating Vivendi’s strategy: to continue investing in content, media and entertainment, to manage its portfolio of listed and unlisted assets, and to support Gameloft.
Vivendi continues to support video game publisher Gameloft in its transformation from a publisher of exclusively mobile video games to a publisher of video games available on all platforms. The Group’s strategy is also based on the dynamic management of its holdings, while exploring long-term developments that create value.
Lorella Gessa highlighted Vivendi’s expertise in supporting the transformation of Universal Music Group, Canal+, Havas, and Gameloft.
As of December 31, 2024, Vivendi’s net asset value stood at €4.829 billion (€4.69 per share). Lorella Gessa acknowledged that the share prices of Vivendi and the newly listed entities were not at the anticipated level, but that it would take time for the financial markets to become more familiar with these newly listed assets.
Vivendi’s Chief Communications Officer concluded her presentation by highlighting Vivendi’s solid balance sheet and stating that the company was approaching the future with confidence.
Review of Vivendi’s results for fiscal year 2024
Solange Maulini, Individual Shareholder VP and Press Director at Vivendi, recalled that 2024 had been a busy and eventful year for the Group, which realized a spin-off in December, before specifying its new scope, with its listed interest and its wholly owned operating asset, Gameloft.
She detailed the investment portfolio as of December 31, 2024, valued at over €7.1 billion, key figures, Gameloft’s performance, changes in debt, and dividends received from investments held.
She also specified that the General Meeting on April 28, 2025, would vote on a dividend per share of 0.04 euro, corresponding to a yield of approximately 1.5% as announced.
Update on Gameloft with Pierre-Yves Berthet, Chief Strategy & Transformation Officer
Pierre-Yves Berthet, Chief Strategy and Transformation Officer at Gameloft, traced the evolution of the video game market in which the company operates, from 1972 to the present day.
He showcased Gameloft’s evolution in this market, its key figures, its value chain, the stages of its transformation, and its prospects. He highlighted Gameloft’s successes, notably through videos featuring the games Asphalt and Disney Dreamlight Valley.
Pierre-Yves Berthet answered questions from the Committee, particularly on the specific characteristics of video games and content in Asia, Gameloft’s objectives in terms of derivative products, and how Gameloft differs from Ubisoft.
Update on April 28, 2025, Annual Shareholders Meeting
Christine Pigeyre, Vivendi’s Director of External Relations, presented the agenda for the April 28, 2025, Annual Shareholders Meeting to the Committee members and invited them to make suggestions. Several proposals were put forward by the Committee.
Lunch
Following these discussions, the Committee members shared a lunch with the entire Vivendi Individual Shareholder Relations team.