Vivendi Third-Quarter Revenue Rose Amid Canal+ Growth
October 21 2021 - 12:20PM
Dow Jones News
By Mauro Orru
Vivendi SE said Thursday that revenue increased in the third
quarter led by growth at its pay-TV business Canal+ Group, marking
its first quarter since the spin-off of Universal Music Group NV,
for years Vivendi's most lucrative asset.
The media conglomerate steered by the family of French
billionaire Vincent Bollore said revenue climbed to 2.48 billion
euros ($2.89 billion) from EUR2.17 billion in the third quarter
last year.
The result represents a 10.3% increase on an organic basis.
Jefferies analysts had this month forecast revenue of EUR2.35
billion compared with consensus of EUR2.26 billion.
Revenue at Canal+ Group rose to EUR1.47 billion from EUR1.38
billion.
Jefferies analysts had expected Canal+ Group to lead revenue
growth as a whole, forecasting a contribution of EUR1.44
billion.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
October 21, 2021 12:05 ET (16:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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