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General

Vivendi returns to revenue growth in Q3, plans IPO for Universal Music in 2022

Wednesday 21 October 2020 | 10:59 CET | News
Vivendi generated revenues of EUR 4.02 billion in the three months to September, up 0.7 percent year-on-year organically (+1.3% on a reported basis). The growth trend recovered following a second quarter hit by the Covid-19 crisis, when revenues fell 7.9 percent organically. The media group has confirmed its intention to undertake an IPO for its Universal Music (UMG) business, as announced in February, saying that it plans to list its largest revenue-generating subsidiary in 2022.

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Categories: General
Companies: Canal Plus / Universal Music / Vivendi
Countries: France / World
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