Vivendi Revenues Up 6 Percent

PARIS: First-half revenues at Vivendi gained 6.1 percent to 14 billion euros, with adjusted net profit up 4 percent to 1.5 billion euros.

“Vivendi is back to growth in the first half of 2010 and improves its full year outlook," said CEO Jean-Bernard Lévy. "Vivendi is investing and innovating in content and platforms to accelerate its growth. Vivendi is also increasing investment in marketing, products, networks and quality to attract clients, retain its tens of millions of subscribers and gain market shares. Finally, Vivendi is strengthening co-operation between its businesses and launching concrete innovations in order to monetize its expertise.”

At Canal+ Group, revenues were up by 3.1 percent to 2.3 billion euros. The French sub base grew by 356,000 customers, and ARPU rose to 46.3 euros. Canal+ Group‘s EBITA was 486 million euros, a 3-percent increase.