Entertainment and telecom conglomerate Vivendi (EPA: VIV) said its Q1 EBITA dropped 5.6 percent to €1.203 billion ($1.8 billion) from €1.274 billion last year. Although not exactly an indication of what Vivendi described a “very good quarter” in its earnings statement, it was still enough to beat analysts’ aggregated forecast of €1.134 billion, according to Reuters. Adjusted net income was €697 million, a fall of 9.6 percent from Q107’s €771 million. Revenues in Q1 were on the positive side, coming in at €5.3 billion, rising 5.2 percent over the year before. Highlights from the owner of Universal Music Group, Vivendi Games, Maroc Telecom and other media properties include:

-- UMG: The music label’s EBITA was €111 million, a rise of 94.7 percent year-over-year. The company cited digital sales growth of 33 percent and the inclusion of BMG Music Publishing. However, revenues were essentially flat at €1.033 billion, 0.6 percent above Q107.

-- Vivendi Games:  Vivendi Games, which includes Blizzard Entertainment, the producer of World of Warcraft, saw Q1 revenue fall 24.1 percent at €221 million. Blizzard Entertainment’s revenues were €192 million.

-- Maroc: The telecom unit’s revenues grew 11.6 percent to €614 million during the quarter, as revenues were up 15.5 percent to €432 million. Earnings release (PDF)