Industry News

Vivendi hails ticketing division after impressive Q1

Vivendi’s ticketing division saw a double-digit rise in turnover during the first quarter of 2017.

Vivendi Ticketing, which includes See Tickets and Digitick, had a turnover of €12m (£10m/$13m) in the three months to March 31. That was up 18.5 per cent year-on-year at constant exchange rates.

The French multinational media and entertainment company described the ticketing division’s performance as “particularly distinguished”.

It also described a “very significant improvement in income from operations” for the ticketing division, which operates in the UK, France and the US.

Overall, group revenues were up seven per cent to €2.7bn, with adjusted net income increasing by 57 per cent to €155 million.

The owner of Universal Music Group and Canal+ Group reiterated its previously announced 2017 outlook, with revenues set to increase by more than five per cent and EBITA to rise by around 25 per cent.

The ticketing division is part of Vivendi Village, which is “a testing ground to experiment innovative ideas and quickly launch projects for the benefit of the entire group”.

Vivendi Village’s revenues amounted to €26m, a 3.5 per cent increase compared to the first quarter of 2016. For the same period, Vivendi Village’s income from operations amounted to a loss of €4m, which was “stable” compared to the first quarter of 2016, and EBITA amounted to a loss of €4m.

Vivendi Village groups together Vivendi Ticketing, MyBestPro (expert counselling), Watchever (subscription streaming service), Radionomy (digital radio), the venues L’Olympia and Theâtre de L‘Œuvre in Paris, and CanalOlympia in Africa, as well as Olympia Production.