The ticketing arm of multinational conglomerate Vivendi saw a slight year-on-year rise in revenue during the third quarter, but development costs meant it posted a loss.
Revenues from Vivendi Village – which includes ticket operators See Tickets and Digitick, as well as live event producer Vivendi Talents&Live – grew by six per cent to €24m (£21.1m/$26.2m). The increase was actually 12 per cent on a constant-currency basis.
Revenue was up almost seven per cent for the first nine months of the year.
The company said that costs, which it did not expand upon, led to the subsidiary posting an EBITDA loss of €5m during the quarter, with an income loss of around €1m. For the year to September 30, Vivendi Village saw a loss of €9m in both EBITDA and income.
In its Q3 financial report, Vivendi said that its €159m acquisition in April of a 15-per-cent stake in French retail group Fnac will be the basis for “increased co-operation in live events […] and in ticketing in certain countries by teaming up with Vivendi Ticketing”.
Vivendi Ticketing directly sells 15 million tickets each year. Including sales from Digitick’s technical platforms, a total of 35 million tickets are sold annually.
Vivendi Ticketing serves several thousand event organisers, including Glastonbury Festival, the RHS Flower Shows, Manchester City Football Club, the Eiffel Tower and the Chateau de Versailles.
Vivendi Group, which owns Universal Music Group and Canal Group, saw a 25% increase in net income of €625m in the first nine months of the year.
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