Vivendi Stock: Corporate Actions Continue To Be An Overhang (VIVHY)

Jean-Luc Ichard

Abstract

Vivendi (OTCPK:VIVHY) share worth dipped somewhat put up my earlier put up and has recovered to the identical stage. I consider this dynamic doesn’t mirror the constructive 1Q23 outcomes that VIVHY posted a few weeks

To place issues into perspective, greater than 60% of VIVHY’s complete subscriber base comes from markets exterior of France, and the corporate added 1.8 million subscribers in 2022, a rise over 2021. This reveals that VIVHY’s recognition is rising and extends past its dwelling nation of France and that the service’s content material has discovered an viewers in different nations, which diversifies the income base. Administration can be making progress when it comes to high quality because it promotes this space. Particularly noteworthy is the multi-year strategic partnership between Canal+ and Apple. Because of this settlement, Canal+ clients in France and Switzerland will obtain a free subscription to Apple TV+. In my view, the inclusion of Apple TV+ as a part of a free bundle will positively influence Canal+’s skill to keep up and broaden its subscriber base in continental Europe. That stated, I consider there is not going to a lot influence to margins as I anticipate Apple to exert vital negotiation energy within the contract dialogue. Nonetheless, the qualitative acquire from this contract speaks nicely of Canal+ repute out there and attain (which Apple acknowledges).

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