Welcome to our dedicated page for Universal Music news (Ticker: UNVGY), a resource for investors and traders seeking the latest updates and insights on Universal Music stock.
Universal Music Group N.V. (UNVGY) news covers the activities of a company that describes itself as the world leader in music-based entertainment, with businesses in recorded music, music publishing, merchandising and audiovisual content. Its updates provide insight into how a large music company manages its catalogue of recordings and songs, develops artists and songwriters, and reports on its financial and corporate decisions.
On this page, readers can follow earnings announcements and financial results, where Universal Music Group reports revenue and growth across its Recorded Music, Music Publishing, and Merchandising and Other segments. These releases include details on subscription and streaming trends, physical formats, licensing, and the use of alternative performance indicators such as EBITDA and Adjusted EBITDA.
News items also include corporate governance and shareholder developments, such as annual general meeting agendas and results, dividend proposals and approvals, and changes in the Board of Directors or senior management. Universal Music Group has announced director resignations, re-appointments of executive and non-executive directors, and senior leadership changes, as well as information related to a proposed U.S. public offering via a draft registration statement on Form F‑1.
Investors, analysts and followers of the music and entertainment sector can use this news feed to track how Universal Music Group communicates its strategy, financial performance and governance matters over time. Bookmark this page to access a stream of company-issued updates, from quarterly results and annual reports to board changes and shareholder meeting outcomes.
Universal Music Group (UMG) reported its Q2 2024 and H1 2024 financial results. Q2 revenue was €2,932 million, an 8.7% increase year-over-year, driven by growth across all segments. Adjusted EBITDA increased by 10.0% to €649 million. Major revenue contributors included Taylor Swift, Billie Eilish, and SEVENTEEN.
H1 2024 revenue increased by 7.3% to €5,526 million. Key segments like Recorded Music grew by 4.7%, and Music Publishing by 13.4%. H1 Adjusted EBITDA rose by 11.5% to €1,240 million, with an EPS increase to €0.50 from €0.34 in H1 2023. An interim dividend of €0.24 per share was declared.
Despite these positive indicators, net debt increased to €2,612 million, and free cash flow showed a €460 million outflow. Streaming revenue showed a minor 4.2% decline in Q2, offset by gains in other categories.
Universal Music Group N.V. (EURONEXT: UMG) announced it will release its financial results for Q2 and H1 ended June 30, 2024, on July 24, 2024, after the Euronext market closes. The company will host a conference call at 6:15pm CEST the same day to discuss the results. A live audio webcast will be available on investors.universalmusic.com, and a replay will be accessible post-call. Investors and analysts can pre-register for a dial-in line to ask questions during the call.
Universal Music Group N.V. (UMG) has released the results of its 2024 Annual General Meeting (AGM) held on May 16, 2024. All resolutions on the agenda were adopted with a majority vote. Key resolutions included the approval of the 2023 remuneration report and financial statements, re-appointment of several directors, and the appointment of new directors Eric Sprunk and Mandy Ginsberg. The AGM also approved a final dividend of EUR 0.27 per share, bringing the total 2023 dividend to EUR 0.51 per share. Important dates for the final dividend are May 20, 2024 (ex-dividend date), May 21, 2024 (record date), and June 11, 2024 (payment date). Detailed voting results will be available on UMG's website within 15 days.
Universal Music Group N.V. reported a revenue of €2,594 million, a 5.8% increase YoY. Recorded Music subscription revenue grew by 10.7%, and streaming revenue by 8.9%. Music Publishing revenue increased by 16.7%. Adjusted EBITDA rose by 13.2%, and margin expanded to 22.8%. Top sellers included Taylor Swift, Noah Kahan, Morgan Wallen, Ariana Grande, and Olivia Rodrigo.
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