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Earnings

Earnings: Vivendi’s Q2 Sales Up; UMG Down; Digital Music Up 49 Percent

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French media and telecom group Vivendi (Paris:VIV.PA) reported its Q207 numbers today, and its sales rose 7.4 percent. Revenues rose to $7.15 billion from $6.58 billion a year earlier, beating expectations.

Sales in the games unit rose 29 percent to $287.2 million after the January release the “World of Warcraft: The Burning Crusade” subscription game. At the end of June, Vivendi counted 9 million users and said preparations are under way for a release in China.

On the music side, the news wasn’t so good: Sales at Universal Music Group, the world’s largest label, dropping 0.8 percent to $1.47 billion as best-selling titles from Nelly Furtado and Amy Winehouse failed to offset the impact of a higher euro.  Digital music revenues of $212 million increased 49 percent compared to last year at constant currency with both online and mobile sectors reporting significant growth.

More details in the PDF release here.

Jul 25, 2007 3:38 PM ET

Posted In: Entertainment, Music, Money, Earnings, Countries, Europe

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