Entertainment

Vivendi Boosts First Quarter Revenue on Canal Plus, Havas – The Hollywood Reporter

The growth of pay-TV unit Canal + Group and advertising giant Havas helped boost French telecommunications and media group Vivendi’s first-quarter revenue to €2.38 billion ($2.56 billion). USD), 7.9% higher year-on-year using constant currency and focusing on businesses the company owns today.

Without those adjustments, revenue was up 13.4%.

Quarterly revenue at pay-TV unit Canal+ grew 6% with a focus on constant currency and current assets, or 6.5% vice versa, to 1.45 billion euros ($1.57 billion). ). “This increase was driven by all the activities of the group,” the group said. “Television in mainland France recorded strong revenue growth, with an increase of 6.5%” at a constant currency and asset combined ratio, while international operations saw revenue improve. 6.2% improvement due to “significant increase in number of subscribers”.

Studiocanal sales grew 4.5% “especially due to some successes in the cinema, such as Super people?, Waiting for Bojangle and Goliathand strong performances of the catalog. ”

Ad maker Havas recorded a revenue increase of 11.3%, or 17.7% without the adjustment, to 591 million euros ($637 million). “This stellar operating performance stems from the strong commercial momentum gained in recent quarters, fueled by the launch of innovative new services,” said Vivendi.

Vivendi, led by CEO Arnaud de Puyfontaine, also said game maker Gameloft’s quarterly revenue grew 10.0% on a constant currency and assets basis (or 10.8%). to 61 million euros ($66 million). “This strong growth was mainly driven by the success of Apple Arcade, Gameloft’s excellent performance across brands (ad platform) up 40.7%, and a strong recovery. of Gameloft Business Solutions (telecom and handset maker platform) with an increase of 20.3 percent,” said Vivendi.

Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button