Mark Androvich
00:55 (BST)
15/05/2008
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Vivendi Games Q1 revenue down 24.1 per cent
Vivendi reported Q1 2008 earnings showing revenue from Vivendi Games down 24.1 per cent from the same period of the prior year.
Blizzard Entertainment's revenues were EUR 192 million (USD 296.97 million) - nearly 87 per cent of the total EUR 221 million (USD 341.8 million) in revenues for Vivendi Games.
The company reported that two million incremental World of Warcraft subscribers were added when compared to March of 2007, including more than 700,000 new players added in the first quarter of 2008.
Vivendi indicated that a comparison of Q1 2007 and Q1 2008 performances would not be representative, however, because Q1 2007 included the release of World of Warcraft: The Burning Crusade.
World of Warcraft: Wrath of the Lich King, the second expansion, is scheduled to be released in the second half of 2008.
Parent company Vivendi reported Q1 revenues of EUR 5.3 billion (USD 8.19 billion), up 5.2 per cent from the same period of the prior year. Net income, however, fell 9.6 per cent to EUR 697 million (USD 1.077 billion).
Vivendi confirmed its overall outlook for 2008, expecting to deliver a profit growth similar to 2007.
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