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Business News Labels & Publishers
Universal’s good quarter makes year more or less flat
By CMU Editorial | Published on Tuesday 16 November 2010
Quarterly financials for the Universal Music Group have just been released, with revenues up 6% and profits before taxes and such what up 47%, which is rather fine.
It’s all helped Universal’s figures for the year so far look a little bit healthier, albeit still down slightly. For the first three quarters of the year revenues are down 1.7% to 2.9 billion euros while earnings are down 9.3% to 244 million euros.
Universal parent company Vivendi saw its earnings rise by 10%, aided in particular by a strong quarter for its gaming company Activision Blizzard.
