© Reuters. FILE PHOTO: The logo of French media giant Vivendi is seen in Paris, France, January 31, 2022. REUTERS/Violeta Santos Moura
PARIS (Reuters) – French media giant Vivendi (OTC:) said first-quarter sales grew by 7.9% from a year earlier on the basis of constant exchange rates and excluding acquisitions, driven by the performance of its pay-TV and advertising unit.
Total revenue over the period advanced to 2.38 billion euros ($2.56 billion) from 2.1 billion a year ago. Pay-TV Canal Plus, now the company’s biggest asset after the spin-off of Universal Music Group (AS:), saw sales grow by 6% to 1.45 billion euros.
Sales at Vivendi’s ad unit Havas also increased by 11.3% to 591 millions euros.
($1 = 0.9284 euros)
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