Vivendi posted its latest figures, including details of Universal Music Group’s performance in the first three months of the year. UMG’s revenues were up 13.5% year-on-year to €1,09bn (around $1.41bn), bolstered by income from EMI labels. Vivendi noted that digital accounted for 54% of recorded music sales for UMG, up from 46% in the first quarter of 2012. UMG’s earnings before interest, tax and amortisation expenses (EBITA) were €55m (around $71m) – down 19.1% due to restructuring and integration costs, although UMG said that if those were stripped out, its EBITA would have been up 6.2%. UMG was narrowly Vivendi’s third largest business by revenues in Q1 this year, behind telco SFR (€2.59bn) and broadcasting group Canal+ (€1.29bn) but just ahead of games publisher Activision Blizzard (€1bn).
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Tools: Kaiber
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