By Mauro Orru

Vivendi SA said Thursday that net profit and revenue increased in the first half of the year thanks to growth at its two main businesses--Universal Music Group and Canal+ Group--as well as income generated by the revaluation of interests in Spotify Technology SA and Tencent Music Entertainment Group.

The French media giant said net profit rose to 757 million euros ($892.6 million) from EUR520 million in the first half of 2019.

Revenue for the period climbed to EUR7.58 billion from EUR7.35 billion, although revenue for the second quarter fell 4.8% to EUR3.71 billion from the second quarter of 2019 due to lockdown measures taken in most countries to contain the coronavirus pandemic.

The company said adjusted earnings before interest and taxes and amortization--a metric closely watched by analysts--rose to EUR735 million from EUR718 million, while earnings before interest and taxes rose to EUR660 million from EUR645 million.

Analysts expected first-half revenue of EUR7.04 billion and Ebita of EUR659 million, according to Visible Alpha consensus.

Vivendi previously completed the sale of a 10% stake in Universal Music Group for EUR3 billion to a consortium led by Chinese internet giant Tencent Holdings Ltd. 



  Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94