PARIS (Reuters) – Vivendi’s first-quarter revenue grew by 5% from a year earlier, the French media giant said on Thursday, driven by the prolonged strong performance of its music unit Universal.
Group revenue rose to 3.90 billion euros ($4.69 billion), propelled by a 9.4% jump of Universal Music Group, which Vivendi intends to list by the end of the year.
This slightly missed the 3.94 billion-euro average consensus provided by Visible Alpha and cited by Jefferies in a note.
(Reporting by Mathieu Rosemain; Editing by Edmund Blair)
