Vivendi’s first-quarter revenue grew 8% at Canal+, an advertising division of Havas.

Vivendi’s first-quarter revenue grew 8% at Canal+, an advertising division of Havas.

The rise of pay-TV Canal+ Group and advertising giant Havas lifted French telecoms and media conglomerate Vivendi’s first-quarter revenue to 2.38 billion euros ($2.56 billion), an increase of 7.9 billion euros. % compared to the previous year. use and focus on coins. The businesses that the company now owns.

Without this adjustment, revenue increased 13.4%.

Quarterly pay-TV revenue grew 6%, with a focus on fixed currency and current assets, or 6.5% otherwise, to €1.45 billion (US$1.57 billion). “This increase is due to all the group’s activities,” the group said. “French mainland television saw strong revenue growth of 6.5%” on a combination of currencies and fixed assets, while international operations improved 6.2% due to “significant increases in subscriber numbers”.

Studiocanal’s revenues increased 4.5 percent “especially due to several movie successes, for example. supervision?, Waiting for Bojangles s giantAnd strong catalog performance.”

The Havas ad hub recorded 11.3% of revenue, or 17.7% unadjusted, at €591 million ($637 million). “This excellent operating performance comes from the strong business momentum gained in recent quarters, which was strengthened by the launch of innovative new offerings,” said Vivendi.

Vivendi, led by CEO Arno de Puifontaine, also said that game maker Gameloft’s quarterly revenue increased 10.0 percent in fixed currency and assets (or 10.8 percent) to 61 million euros ($66 million). ). “This strong growth is mainly due to the success of Apple Arcade games, Gameloft’s excellent productivity for brands (advertising platforms) at 40.7 percent and the strong recovery of Gameloft Business Solutions (telecoms and phone platforms operator). ). “20.3 percent,” Vivendi said.

Source: Hollywood Reporter

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