PARIS — For the second quarter in a row, Universal Music sounded a high note within Viv U’s revenues.
However, the sale of Vivendi Universal Entertainment to NBC caused overall third-quarter revs to dip 20% to E4.7 billion ($6.05 billion), Viv U reported Tuesday. Gallic company said on a comparable basis its revs rose 6%.
Media businesses including Universal Music Group, Canal Plus Group and Vivendi Universal Games brought in revs of $2.68 billion, up 2% on the same period last year on a comparable basis.
Universal Music Group’s revenues rose 4% to $1.5 billion. In the U.S., the music company increased its market share by 10% to 31% for the quarter thanks to chart-topping performances by hip-hop artist Nelly and the “Now 16” compilation as well as bestselling debut albums by Ashlee Simpson, Young Buck and Jo Jo.
Revenues at Canal Plus Group were slightly better than analysts expected, but flat at $1.1 billion on a comparable basis.
Vivendi Universal Games revs were down 18% to $81 million, or 14% at constant currency.
Telcos SFR Cegetel Group and Maroc Telecom provided the conglom’s biggest growth, notching up revenues of $3.39 billion, up 10% on a comparable basis with the same period last year.
The group will publish its results Nov. 17.