Vivendi 1Q Revenue Rose
25 Abril 2022 - 3:19AM
Dow Jones News
By Joshua Kirby
Vivendi SE said Monday that revenue grew in its first quarter,
including at its core media business.
The French media group made quarterly revenue of 2.38 billion
euros ($2.57 billion), an organic increase of 7.9% from EUR2.1
billion in the same period last year. The comparable result is
adjusted for the results of Universal Music Group NV, which has
been spun off and listed separately.
Media group Canal+ booked a 6% increase in revenue to EUR1.45
billion, with growth across business activities including French
television, international operations and the Studiocanal production
business.
Looking ahead, Vivendi said it is confident of the resilience of
its core business to the continuing affects of the global pandemic.
As for the Russian invasion of Ukraine, it remains difficult to
assess the indirect impact on the group's business activities
ahead, Vivendi said. The company is present in Ukraine through its
Gameloft business and certain communication activities, Vivendi
added.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
April 25, 2022 02:04 ET (06:04 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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