Earnings: Vivendi Posts Higher Q1 Profits, Revenues

Vivendi (VIV.PA) reported Q1 earnings of $1.04 billion (771 million euros), a 22 percent increase over Q106. Revenue was $6.7 billion, up 5.3 percent over the same period last year. The company attributed its positive result to its games, Maroc Telecom and pay-TV unit Canal Plus divisions. Units like Universal Music Group did not perform as well, as it reported sales declined 8.7 percent to $1.3 billion. Still, digital revenues gained 54 percent to $218 million. Details contained in its release included:

— For Maroc, the Moroccan telco’s revenues rose 14 percent to $747 million. Mobile revenues in particular grew 22.3 percent to $508 million.

— The telecom added 11.3 million customers, an increase of 32.6 percent over Q106.

–By contrast, the French mobile telecom SFR

Comments have been disabled for this post