Vivendi SE

Earnings Release • Oct 21, 2025

VIVENDI: REVENUES FOR THE FIRST NINE MONTHS OF 2025

• Revenues for the first nine months of 2025 were €213 million, compared to €203 million in the same period of 2024, up 5.2 % at constant currency and perimeter
• Gameloft is successfully pursuing its transformation strategy: its PC/console revenues for the first nine months of 2025 increased by 16.5% at constant currency and perimeter

Yannick Bolloré, Chairman of Vivendi's Supervisory Board, and Arnaud de Puyfontaine, Chief Executive Officer, said: "Vivendi is pleased with the good performance of its activities, recording 5.2% organic revenue growth for the first nine months of 2025. Gameloft pursued its strategic repositioning with its PC/console revenues now representing nearly 45% of its total revenues. We are also maintaining our momentum in reducing corporate costs".

For the first nine months of 2025, Vivendi's revenues were €213 million, compared to €203 million in the same period of 2024 (+5.2% at constant currency and perimeter). This increase reflects the good performance of Gameloft.

For the third quarter of 2025, Vivendi's revenues were €68 million, compared to €69 million in the same period of 2024.

Gameloft

For the first nine months of 2025, Gameloft's revenues were €210 million, up 5.2% at constant currency and perimeter compared to the same period in 2024, primarily including €93 million for the PC/console segment and €101 million for the mobile segment. PC/console revenues represented nearly 45% of Gameloft's total revenues, an increase of 16.5% at constant currency and perimeter compared to the same period in 2024.

Disney Dreamlight Valley, Asphalt Legends, Disney Magic Kingdoms, March of Empires, and Disney Speedstorm were the five best-selling games for the first nine months of 2025 and represented 58% of Gameloft's total revenues.

Autorité des Marchés Financiers (AMF) decision

As a reminder, on July 18, 2025, following the Paris Court of Appeal's ruling of April 22, 2025, the AMF announced its decision that Bolloré SE and Mr. Vincent Bolloré, who controls Bolloré SE, are required to launch a public buyout offer for the shares of Vivendi SE within a period of six months. The closing of the offer would only occur after the French Supreme Court (Cour de Cassation) has handed down its ruling on the appeals filed against the Paris Court of Appeal's decision of April 22, 2025. The hearing before the French Supreme Court is scheduled for November 25, 2025.

By a statement of appeal for annulment dated July 28, 2025, Bolloré SE petitioned the Paris Court of Appeal to annul the AMF's decision of July 18, 2025. Vivendi SE also filed an appeal for annulment against the same decision, by a statement dated July 28, 2025.

About Vivendi

Since its creation, Vivendi has established itself as a player in content, media and entertainment, developing a portfolio of both listed and unlisted assets, each a leader in its market. Vivendi owns 100% of Gameloft, a world-renowned video game publisher that successfully develops multi-platform games for consoles, PCs, and mobile devices. Vivendi's asset portfolio includes minority stakes in leading publicly traded companies: Universal Music Group and Banijay Group in content and entertainment, and MediaForEurope and Prisa in media. In addition, Vivendi owns a stake in the publishing and travel retail sector with Lagardère and a residual stake in telecoms with TIM in Italy. Leveraging its strategic and economic expertise, Vivendi anticipates global dynamics and participates in the transformations of the sectors in which the group operates, notably the digital revolution and new consumer uses of content. Vivendi supports value-creating companies, offering sustainable prospects and a positive contribution to the evolution of our society. Guided by a long-term vision and a constant drive for innovation, the group relies on experienced teams to identify and support sustainable growth projects. Corporate Social Responsibility (CSR), a commitment made in 2003, is at the heart of Vivendi's strategy and shapes each of its decisions. www.vivendi.com

Important Disclaimers

Cautionary Note Regarding Forward-Looking Statements. This press release may contain forward-looking statements with respect to Vivendi's financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions and the payment of dividends and distributions, as well as share repurchases. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of Vivendi's future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including, but not limited to, the risks related to antitrust and other regulatory approvals as well as any other approvals which may be required in connection with certain transactions, as well as the risks described in the documents of the Group filed by Vivendi with the Autorité des Marchés Financiers (the French securities regulator), which are also available in English on Vivendi's website (www.vivendi.com). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. Accordingly, we caution readers against relying on such forward-looking statements. These forward-looking statements are made as of the date of this press release. Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is "unsponsored" and has no ties whatsoever to Vivendi. Vivendi disclaims any liability in respect of any such facility.

CONTACTS

Media

Jean-Louis Erneux +33 (0)1 71 71 15 84 Solange Maulini +33 (0) 1 71 71 11 73

Investor Relations

Xavier Le Roy +33 (0)1 71 71 18 77

APPENDIX I

VIVENDI REVENUES

(IFRS, unaudited)

First nine months

	Nine months ended September 30,
(in millions of euros)	2025	2024	% Change	% Change at constant currency	% Change at constant currency and perimeter
Revenues Gameloft Other Elimination of intersegment transactions Total Vivendi	210 3 - 213	201 2 - 203	+4.5 % +3.7 % - % +4.5 %	+5.2 % +3.7 % - % +5.2 %	+5.2 % +3.7 % - % +5.2 %

Third quarter

	Three months ended September 30,
(in millions of euros)	2025	2024	% Change	% Change at constant currency	% Change at constant currency and perimeter
Revenues Gameloft Other Elimination of intersegment transactions Total Vivendi	67 1 - 68	69 - - 69	-2.3 % +12.5 % - % -2.2 %	-1.0% +12.5% -% -0.9%	-1.0% +12.5% -% -0.9%

Quarterly revenues

(in millions of euros)	Three months ended March 31,	Three months ended June 30,	Three months ended September 30,
Revenues
Gameloft	68	75	67
Other Elimination of intersegment transactions	1 -	1 -	1 -
Total Vivendi	69	76	68
	2024
	Three months	Three months	Three months	Three months
	ended	ended	ended	ended
(in millions of euros)	March 31,	June 30,	September 30,	December 31,
Revenues
Gameloft	68	64	69	92
Other	1	1	-	2
Elimination of intersegment transactions	-	-	-	-
Total Vivendi	69	65	69	94

APPENDIX II VIVENDI GAMELOFT'S REVENUES

(IFRS, unaudited)

First nine months

	Nine months ended September 30,
(in millions of euros)	2025	2024	% Change	% Change at constant currency	% Change at constant currency and perimeter
PC/Console	93	81	+15.9%	+16.5%	+16.5%
Mobile	101	105	-4.5%	-3.6%	-3.6%
BtoB	16	15	+6.3%	+6.6%	+6.6%
Revenues	210	201	+4.5%	+5.2%	+5.2%
Revenues by geographic area
North America	92	84
EMEA (Europe, the Middle East, Africa)	92 80	64 77
Asia Pacific	29	29
Latin America	9	11
	210	201
Third quarter
	Three months ended September 30,
(in millions of euros)	2025	2024	% Change	% Change at constant currency	% Change at constant currency and perimeter
PC/Console	28	26	+11.5%	+13.2%	+13.2%
Mobile	30	34	-11.2%	-10.1%	-10.1%
BtoB	9	9	-7.3%	-7.0%	-7.0%
Revenues	67	69	-2.3%	-1.0%	-1.0%
Revenues by geographic area
North America	27	דר
EMEA (Europe, the Middle East, Africa)	27 27	27 29
Asia Pacific	10	9
Latin America	3	4

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