Co. was subject of recent $50.8 billion takeover offer
Vivendi, subject of a recent e40 billion ($50.8 billion) takeover offer from U.S. investment fund KKR, on Tuesday posted flat third-quarter revenues of $6.2 billion, just 0.3% up on the same period last year.
Canal Plus, Vivendi Games and Maroc Telecom saw revenue rise in the quarter, while revs declined at Universal Music Group and telco SFR, the group’s biggest earner.
UMG’s revs fell 2.1% in the third quarter to $1.39 billion on currency fluctuations, Vivendi said in a financial statement. However, figure included a one-time $45.8 million settlement from Napster following a legal case.
Online sales repped 11.5% of the total, an 88% increase from the same period last year.
The Killers, Fergie, the Scissor Sisters and Ludacris were top sellers.
Third-quarter revenues at French pay TV unit Canal Plus Group rose to $1.12 billion from $1.1 billion a year earlier.
Company said subscribers, and spend per sub, were up, contributing to an 8% increase in pay TV revenues. Film revs were down, mostly due to the lower revenues from StudioCanal’s deal with Universal subsid Working Title.
Hit vidgame World of Warcraft and new game Scarface helped Vivendi Games post a 15.2% increase in revenues to $231 million.
Telco SFR saw third-quarter revenues dip 1.8% to $2.79 billion. Vivendi blamed the decline on imposed lower tariffs, without which revenues would have gone up an estimated 2.7%.
Revenues at Moroccan telco Maroc Telecom rose 11.5% to $713 million.
Vivendi’s revenues for the first three quarters of the year stood at $18.4 billion, up 3.5%.