Universal Music Group contributed $1.3 bil revenues
PARIS — Vivendi Universal on Wednesday posted first quarter revs of E4.7 billion ($6.1 billion), up 7% over the previous year, and increased its profit forecast for the year to $2.3 billion, a hike of 37%.
Gallic media and telco conglom had previously forecast a 20% increase.
Universal Music Group contributed revs of $1.3 billion, up 14%. In the U.S., album sales rose 10% compared with a 8% decline across the market, upping UMG’s market share 5.2% to 31.8%.
Canal Plus’ revs stood at a stable $1.1 billion, up 1%.
Vivendi Universal Games posted revs of $146.2 million, up 47%, due to success of multiplayer online game “World of Warcraft,” which has notched up 1.5 million subscribers five months after its launch.
Telcos now rep the bulk of Viv U’s business. Gallic telco SFR Cegetel posted revs of just over $3 billion, up 7% on a comparable basis. Mobile business repped $2.6 billion of that figure, up 20%.
Moroccan telephone operator Maroc Telecom posted revs of $547 million, up 12% on a comparable basis.