Universal Result!

Vivendi, the French media conglomerate, released its Q1 results earlier this week showing substantial revenue growth that, according to its official statement, has been "little affected by the consequences of the COVID-19 pandemic".

Vivendi's revenue growth for the first quarter is largely down to the growth of Universal Music Group (UMG), of which Vivendi is 90% owner.

UMG's Q1 revenues were over $1.92 billion (€1.77 billion), a significant increase of 12.7% on a constant currency basis compared to the same period in 2019. This increase in revenues was reported across all UMG divisions, and compared to Q1 2019:

• subscription and streaming revenues (via platforms such as Spotify, Tidal and Deezer) increased by 16.5%;