Vivendi (Canal+, GVT) releases first quarter 2013 results

PARIS — Vivendi has released its first quarter 2013 results.

Canal+ Group

Canal+ Group’s revenues were €1,286 million, a 4.4% increase compared to first quarter 2012. This rise is due mainly to the integration of the new free-to-air channels (FTA) in France (D8 and D17) and the ‘n’ platform in Poland(1).

At the end of March 2013, Canal+ Group’s total subscription portfolio was up 285,000 year-on-year, thanks to good performances in the Canal+ Overseas territories, in particular in Africa (close to 1m subscriptions to date) and Vietnam (~460k to date).

Subscribers (‘000)

                         Mar. 31,  Mar. 31,
                             2012      2013  Change
                         --------  --------  ------
Portfolio Canal+ Group     12,817    14,068  +1,251
  Canal+ France*           11,097    11,249    +152
  Poland & Vietnam          1,720     2,819  +1,099**

* Individual and collective subscriptions at Canal+, CanalSat, CanalPlay Infinity (189k subscribers at end March 2013, corresponding to 153k on a 12 month equivalent basis) in Mainland France, Overseas territories and Africa
** +133k on a proforma basis (‘n’ platform had 966k subscribers as of March 31, 2012)

GVT, Brazil

GVT’s pay-TV service continues to perform well and has generated €38 million (BRL 103 million) in revenues during the first quarter 2013. The number of subscribers totaled approximately 460,000 as of March 31, 2013 (x4.1 year-on-year), representing a 20.7% penetration rate among the broadband customer base.

Subscribers (‘000)

                         Mar. 31,  Mar. 31,
                             2012      2013  Change
                         --------  --------  ------
Pay-TV                        113       460    x4.1

1. D8/D17 consolidated since September 27, 2012 and nc+ consolidated since November 30, 2012