Vivendi 1Q Revenue Rose Supported by Universal Music
April 22 2021 - 12:23PM
Dow Jones News
By Mauro Orru
Vivendi SE said Thursday that revenue for the first quarter
increased on the back of strong performance at its main business
Universal Music Group.
The French media giant said revenue for the quarter rose to 3.90
billion euros ($4.69 billion) from EUR3.87 billion in the first
quarter of 2020.
The result represents an increase of 5% on an organic basis.
Revenue at Universal Music climbed to EUR1.81 billion from
EUR1.77 billion.
Universal Music's overall revenue grew 9.4% organically, with
streaming revenues up 19.6%.
"Vivendi continually monitors the current and potential
consequences of the crisis. It is difficult at this time to
determine how it will impact Vivendi's results in 2021," the
company said.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 22, 2021 12:08 ET (16:08 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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