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Video Games boost Vivendi’s third-quarter EBITA

Vivendi’s third-quarter EBITA was down only 7.3% due to Activision Blizzard’s excellent performance (+54.2 %), the French media and telecom group announced on Tuesday.

For the third quarter, Activision Blizzard had three of the top four best-selling games in North America and Europe with World of Warcraft: Mists of Pandaria, Diablo III, and Skylanders Spyro’s Adventure.

Revenues for the third quarter were €673 million, a 26.3% increase (+11.6% at constant currency) compared to the same period in 2011, and EBITA was €182 million, a 54.2% increase (+36.5% at constant currency).                            

In the FTA and pay-TV sector, Canal+ Group, which has just launched the free-to-air TV channels D8 and D17, posted revenues of €3,647 million, a 2.4% increase compared to the first nine months of 2011.

Canal+ France’s revenues in France, French overseas territories and Africa, were up by 1.6%, reaching €3,063 million, driven by subscription portfolio growth and increased advertising revenues. Over the past 12 months, Canal+ France’s portfolio recorded a net growth of 237,000 subscriptions, with over 170,000 subscriptions coming from Africa.

Canal+ Group’s EBITA was €722 million, compared to €732 million for the first nine months of 2011.

Over the first nine months of 2012, Vivendi posted revenues of €20.751 billion, down 1.3% compared to the first nine months of 2011. EBITA amounted to €4.331 billion, down 11.0% compared to first nine months of 2011. The 2012 adjusted net income outlook improved to around €2.7 billion, compared to the €2.5 billion expected.

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