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Universal Music Group N.V. - UNVGY STOCK NEWS

Welcome to our dedicated news page for Universal Music Group N.V. (Ticker: UNVGY), a resource for investors and traders seeking the latest updates and insights on Universal Music Group N.V..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Universal Music Group N.V.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Universal Music Group N.V.'s position in the market.

Rhea-AI Summary
Universal Music Group N.V. (UMG) will release its financial results for Q1 2024 on May 2, 2024, after Euronext market close. A conference call to discuss these results will be held on the same day at 6:15pm CEST.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
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Rhea-AI Summary
Universal Music Group N.V. nominates Vincent Vallejo for re-appointment as Executive Director and appoints Eric Sprunk and Mandy Ginsberg as Non-Executive Directors. The company also announces the agenda for its 2024 AGM, including various voting items.
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Rhea-AI Summary
Universal Music Group N.V. reported strong financial results for Q4 2023 and FY 2023. Revenue increased by 9.0% YoY in Q4 and 7.4% YoY in FY 2023. Adjusted EBITDA grew by 9.2% YoY in Q4 and 11.0% YoY in FY 2023. The company announced a strategic organizational redesign to generate €250m in annual savings by 2026. Top sellers included Taylor Swift, The Rolling Stones, Drake, Jung Kook, and Stray Kids.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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Rhea-AI Summary
Universal Music Group (UMG) acquires a 25.8% stake in Chord Music Partners for $240 million, valuing Chord at $1.85 billion. UMG and Dundee Partners form a strategic partnership to manage Chord's music IP catalog, including works from iconic artists like The Weeknd and Lorde.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
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Rhea-AI Summary
Universal Music Group N.V. (UMG) announces the expiration of its agreement with TikTok on January 31, 2024. The companies have not reached new terms, leading to UMG ceasing licensing content to TikTok and TikTok Music services. This decision is explained in an open letter to the artist and songwriter community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.32%
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Rhea-AI Summary
Universal Music Group N.V. (UMG) will release its financial results for Q4 and full year 2023 on February 28, 2024, followed by a conference call. The webcast will be available on investors.universalmusic.com, and a replay link will be provided. Investors and analysts can pre-register for a dial-in line to ask questions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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Rhea-AI Summary
Universal Music Group N.V. (EURONEXT: UMG) Achieves Science Based Targets Initiative Approval for Greenhouse Gas Emission Reductions
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
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Rhea-AI Summary
Universal Music Group N.V. announced its Q3 2023 financial results. Revenue increased 3.3% YoY to €2,752 million, driven by constant currency growth in all segments. Adjusted EBITDA grew 5.1% YoY to €581 million. Top sellers included Taylor Swift and King & Prince.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
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Rhea-AI Summary
Universal Music Group N.V. will release its Q3 2023 financial results on October 26, 2023, after the close of the Euronext market. A conference call to discuss the results will be held at 6:15pm CEST. Investors and analysts can pre-register for a dial-in line to ask questions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
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Rhea-AI Summary
Universal Music Group N.V. announces retirement of Non-Executive Director Anna Jones
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Universal Music Group N.V.

OTC:UNVGY

UNVGY Rankings

UNVGY Stock Data

54.17B
577.00M
0.02%
Entertainment
Communication Services
Link
Netherlands
Hilversum