VIV notes adjusted EBITA improvement despite lower revenues
Revenues fell 3.5% year-over-year to €140 million. Restructuring costs weighed on EBITA, but adjusted EBITA improved as Gameloft profitability rose; VIV also said its investment portfolio value fell on a UMG share-price decline.
Revenues declined 3.5% year-over-year to €140 million, with EBITA impacted by restructuring costs but adjusted EBITA showing improvement.
Gameloft's profitability rose, and the investment portfolio value fell due to UMG share price decline.
Major legal and regulatory events occurred.Original docume…