Vivendi Se Unsp/Adr (VIVHY) Q3 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone, and welcome to the Vivendi third quarter revenue presentation. This conference call will be hosted by Mr. Arnaud de Pufontaine, Chairman of the Management Board and CEO, and Mr. Hervé Philippe, a member of the Management Board and CFO. As a reminder, this call is being recorded. During the call, you'll be on listen only. However, later on the call, during the Q&A session, analysts will have the opportunity to ask questions without any follow-up questions. This can be done by pressing star one on your telephone keypad to register your question at any time. If at any point you require assistance, please press star zero and you will be connected to an operator. I would now like to turn the call over to Mr. Arnaud de Prefontaine. Please go ahead, sir, your line is open. Thank you very much and welcome, everyone. I hope that you are all keeping well and healthy. I would like to invite you to read carefully the disclaimer on slide two. Before ending over to Hervé Philippe, let me share some of the Q3 key highlights. Firstly, I am happy to report that Vivendi delivered improved revenue growth for the third quarter, plus 1.3%, and over the first nine months, of 2020 plus 2.4%. This increase in revenues was largely fueled by our two main businesses, Universal Music Group and Canal Plus Group. QFree has confirmed the strength of our subscription-based activities. UMG maintained positive momentum during the third quarter, driven by the significant increase in subscription and streaming revenues. Canal Plus Group pursued its dynamic growth mainly thanks to its international pay TV operations. I will come back to this. Of course, some of our businesses have been more affected than others by the coronavirus pandemic. This is particularly true in live events...