Vivendi 1st Half Earnings, Revenue Rose

By Joshua Kirby

Vivendi SE said Wednesday that net profit increased in the first half of the year, as revenue rose across business divisions.

The French media conglomerate made an adjusted net profit of 724 million euros ($855.6 million) in the period, up 24% from the first half of 2020. Revenue came to EUR8.2 billion, rising 12% at constant currency. The second quarter experienced an acceleration, with revenue rising 17% on year.

All business divisions posted higher first-half revenue, including by 17% at Universal Music Group and 42% at publisher Editis, which was hit particularly hard by the pandemic last year, Vivendi said.

Group earnings before interest, taxes and amortization rose 45% to EUR1.07 billion, while earnings before interest and taxes increased 47% to EUR973 million.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

July 28, 2021 12:34 ET (16:34 GMT)

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