French game publisher Vivendi Games has reported record full-year revenues of €1 billion ($1.48 billion) on the back of World of Warcraft.

For the year ended December 31, total revenues for Vivendi Games, which owns WoW developer Blizzard, were €1.02 billion, a year-on-year increase of 26.6 percent.

Irvine, Calif.’s Blizzard Entertainment was the driving factor once again for Vivendi’s games division, generating €814 million, an increase of 58 percent.

WoW’s subscription base increased by 2 million over the course of the year, reaching the 10 million subscriber mark. US subscribers pay about $15 per month for a WoW subscription.

The combination of Sierra Entertainment, Sierra Online and the Vivendi Games Mobile divisions didn’t fare as well, generating €204 million, a decrease of 29 percent for the year. Vivendi said current exchange rates negatively affected the businesses.

During the year, Sierra’s Entertainment’s PC and console business released titles including Timeshift, Crash of the Titans, Spyro: The Eternal Night, F.E.A.R. titles and World in Conflict, but the segment failed to match 2006 sales driven by Scarface, Ice Age 2, Eragon, Spyro: A New Beginning and previous editions of F.E.A.R.

The mobile and Sierra Online segments individually showed growth.

Q4 revenues in the games division were €302 million, down 7.4 percent, although Blizzard’s revenues were up 19 percent to €186 million compared to the same quarter a year ago. Sierra Entertainment, Sierra Online and Vivendi Games Mobile collectively were down 32 percent to €116 million.

Overall, parent company Vivendi, a media conglomerate that also includes Universal Music Group, Canal+Group, SFR and Maroc Telecom, reported total revenues of €21.66 billion for the year, a year-on-year increase of 8 percent.