Vivendi Reports Improved Q1

PARIS, May 16: Vivendi Universal has delivered first-quarter
revenues of 5 billion euros, a 5.3 percent gain on the previous year, with a
net income of 771 million euros, a 22.8-percent improvement.

Canal+ Group reported revenues of 1.1 billion euros, an 18.7
percent gain on the first quarter of 2006. Revenues from pay-TV operations in
France were up 24 percent, driven by the TPS acquisition, subscription
portfolio growth and higher advertising revenues. At the end of March, Canal+
France’s total subscription portfolio totaled 10.3 million. Canal+ had 5.2
million subscriptions, while CanalSat/TPS had more than 5 million.