French communications group Vivendi S.A. reported flat third-quarter revenue growth that missed estimates but was helped by surging sales of the company's Los Angeles-based video game division.
The Paris-based company reported third quarter sales of $6.2 billion, which missed forecasts by less than 1 percent. Sales from SFR, France's second-largest mobile phone provider, fell 1.8 percent due to lower prices imposed by regulators, the company said.
However, sales from the company's Los Angeles-based video game division rose more than 15 percent from the same period last year to $232 million and were up more than 20 percent for the year. The company attributed the jump to the success of the company's hallmark title, "World of Warcraft," as well as new releases based on movies such as "Scarface, The World is Yours" and "Ice Age 2."
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