Video Games, Brazil Telecoms Spur Vivendi Q1 Growth
UMG Revenue, Sales Dip
May 12, 2011 at 3:06 PM (PT)
Boffo sales of video games -- especially via online-- as well as the growth of Brazilian telecoms helped VIVENDI enjoy a 3.8% increase in Q1 revenue, a EBITA jump of 7.2% and an increase in First Quarter Adjusted Net Income of 29.1% on revenues of $7.2 billion Euro. According to the FINANCIAL POST, the UNIVERSAL MUSIC GROUP revenues during that same time period were down just slightly, will music sales feeling a modest decline.
UMG’s revenues were $881 million Euro, 0.9% below Q1 '10. A 2.7% decline in recorded music sales due to a limited schedule of new releases offset a year-to-year digital sales increase of 17.6%.
Its EBITA was $46 million EURO, a 32.4% decrease compared to the first quarter of 2010. Cha
In comparison, ACTIVISION BLIZZARD‘s revenues rose 12.3% and its EBITA increased 33.2%. thanks to sales of CALL OF DUTY® and WORLD OF WARCRAFT®. THE CALL OF DUTY: BLACK OPS® FIRST STRIKE content pack shattered XBOX LIVE® launch records, surpassing 1.4 million downloads in the first 24 hours4 of its release on FEBRUARY 1st, 2011; it was the #1 game in the U.S. and EUROPE.