Vivid quarter for Vivendi

Conglom boosted by pay TV, videogames

French media and telco conglom Vivendi on Tuesday reported strong first quarter financial results, with profit up 22.8% to E771 million ($1.05 billion) compared with the year-ago period.

Revenues for the quarter rose 5.3% to $6.8 billion on strong performances from pay TV and videogames.

A weak spot was Universal Music Group, the world’s largest music company, where revenues were down nearly 9%. Robust sales in the U.K. were offset by declines in the U.S., France and Japan. Digital sales, however, were up more than 50% and represented 15.7% of total revenue in the quarter compared with 9.9% last year.

The Canal Plus Group reported a strong sales increase, as did Marco Telecom and Vivendi Games, where revs more than doubled due to the successful release this year of “World of Warcraft: The Burning Crusade.”

SFR, France’s second-biggest mobile operator, reported revenue and profits down slightly, which Vivendi said was due to certain legally mandated pricing cuts.

More Scene

  • Hong Chau American Woman

    'Downsizing' Star Hong Chau on Men and #MeToo: 'I Don't Want to Tell Somebody What to Say'

    French media and telco conglom Vivendi on Tuesday reported strong first quarter financial results, with profit up 22.8% to E771 million ($1.05 billion) compared with the year-ago period. Revenues for the quarter rose 5.3% to $6.8 billion on strong performances from pay TV and videogames. A weak spot was Universal Music Group, the world’s largest […]

  • SAG Awards Prep

    Sneak Peek at 2018 SAG Awards Post-Show Gala

    French media and telco conglom Vivendi on Tuesday reported strong first quarter financial results, with profit up 22.8% to E771 million ($1.05 billion) compared with the year-ago period. Revenues for the quarter rose 5.3% to $6.8 billion on strong performances from pay TV and videogames. A weak spot was Universal Music Group, the world’s largest […]

  • Sundance Parties

    Sundance 2018: The Insider's Party Guide

    French media and telco conglom Vivendi on Tuesday reported strong first quarter financial results, with profit up 22.8% to E771 million ($1.05 billion) compared with the year-ago period. Revenues for the quarter rose 5.3% to $6.8 billion on strong performances from pay TV and videogames. A weak spot was Universal Music Group, the world’s largest […]

  • '12 Strong' film premiere

    '12 Strong': Chris Hemsworth Hopes Film Can Reduce 'Misconceptions' About Afghanistan

    French media and telco conglom Vivendi on Tuesday reported strong first quarter financial results, with profit up 22.8% to E771 million ($1.05 billion) compared with the year-ago period. Revenues for the quarter rose 5.3% to $6.8 billion on strong performances from pay TV and videogames. A weak spot was Universal Music Group, the world’s largest […]

  • Guillermo del Toro, Greta Gerwig and

    Timothée Chalamet Says He'd Love to Work With Christopher Nolan or Guillermo del Toro

    French media and telco conglom Vivendi on Tuesday reported strong first quarter financial results, with profit up 22.8% to E771 million ($1.05 billion) compared with the year-ago period. Revenues for the quarter rose 5.3% to $6.8 billion on strong performances from pay TV and videogames. A weak spot was Universal Music Group, the world’s largest […]

More From Our Brands

Access exclusive content