Universal Music, Canal+ Boost Vivendi’s Q1 But Advertising, Publishing See March COVID-19 Hit As Earnings Kick Off On Both Sides Of The Atlantic

Group, the biggest contributor, boosted revenue nearly 13% on a constant-currency basis as recorded music and music publishing sales grew, respectively, by 13% and nearly 18%, thanks to a 16.5% growth in subscription and streaming revenues. Only merchandising revenues was down, about 5%, on lower touring activity.

Havas’ revenue was flat. Organic growth declined 3.3% reflecting the initial impact of the current global crisis. “This impact varies significantly depending on the regions, the businesses and the sectors in which its clients operate. At this stage of the crisis, it is still difficult to identify any clear trends. While performances remained globally aligned with budget through the end of February, those of March were in decline,” Vivendi said.

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