Vivendi Games earnings up 91.9% due to WoW
Publisher Vivendi has reported its earnings for the first half of fiscal 2007, showing a 10.6 per cent increase in earnings compared to the same period of the prior year. Adjusted earnings before interest and taxes were 2,596 million Euros, with adjusted net income of 1,526 million Euros representing net income per share of 1.32 Euros.
“Vivendi demonstrated significant growth in revenues, EBITA, adjusted net income and cash flow generation in the first half of 2007,” said Jean-Bernard Lévy, chairman of Vivendi’s management board. “By the end of the year, we expect to exceed the record year we had in 2006 and we confirm our outlook for an adjusted net income above 2.7 billion Euros.”
Vivendi Games’ earnings before interest and taxes were 119 million Euros, up 91.9 per cent fro the prior year. The company attributed the strong increase to the “continued momentum” of Blizzard’s World of Warcraft, including the Q1 2007 release of The Burning Crusade expansion pack. WOW’s subscriber base has reached more than 9 million worldwide.
source: Vivendi Games earnings up 91.9 per cent
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