Vivendi confirms outlook as Q2 shows Canal Plus improving

PARIS (Reuters) - French media group Vivendi (VIV.PA) reported better than expected core profit growth for the second quarter on Thursday and confirmed its outlook for the full year, saying its struggling Canal+ pay TV arm was showing signs of improvement.

Earnings before interest, tax and amortization (EBITA) grew 16 percent from a year earlier to 203 million euros ($242 million), it said in a statement.

A poll of analysts for Reuters by Inquiry Financial had forecast on average an EBITA result of 183 million euros.

($1 = 0.8404 euros)

Reporting by Andrew Callus; Editing by Sudip Kar-Gupta

Our Standards:The Thomson Reuters Trust Principles.
×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Yahoo must face litigation by data breach victims:...
Facebook's Watch goes up against YouTube for ad do...

Related Posts