Industry News

Vivendi Ticketing soars during H1

Vivendi Ticketing experienced double-digit growth during the first half of 2017 thanks to a strong growth in income from operations.

Vivendi’s ticketing division, which includes See Tickets and Digitick, saw revenues up by 17 per cent to €27m (£24.5m/$32m) during the six months to June 30.

The French multinational media and entertainment company’s wider Vivendi Village segment, which includes an eclectic mix of operations, including ticketing, MyBestPro and Watchever, saw revenues of €56m, up four per cent compared to the same period in 2016. Vivendi Village’s income from operations amounted to a loss of €7m (compared to a loss of €8m for the first half of 2016). EBITDA amounted to a loss of €9m (compared to a negative €4m in H1 2016) due to “investment costs”.

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”.

For the company as a whole, revenues amounted to €5.4bn during H1, which was up eight per cent and five per cent at constant currency and perimeter. The increase was mainly due to Universal Music Group’s growth (14%) while Canal+ Group’s situation is “improving slightly”.

EBITA was down nine per cent to €352m, while EBIT amounted to €362m, down 32 per cent. Vivendi said this was impacted by an unfavorable accounting comparison with the first half of 2016, which period reflected the reversal of reserve related to the settlement of the Liberty Media litigation in the US in February 2016.

Vivendi Ticketing had a turnover of €12m in the three months to March 31. That was up 19 per cent year-on-year at constant exchange rates.