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 (UNVGY) is the world's leading music entertainment company, driving cultural impact through recorded music, publishing, and artist development. This page provides centralized access to verified news and strategic updates essential for understanding UMG's market position.
Investors and industry professionals will find timely updates including earnings reports, partnership announcements, and catalog acquisitions. Our curated feed ensures you stay informed about licensing innovations, streaming trends, and UMG's artist-first initiatives shaping the global music landscape.
All materials are sourced directly from official releases and reputable financial analyses. Bookmark this page for efficient tracking of UMG's operational milestones and industry leadership in the evolving digital entertainment ecosystem.
Universal Music Group N.V. reported its Q1 2023 financial results, revealing a revenue of €2,451 million, an increase of 11.5% year-over-year and 9.3% in constant currency. This growth was primarily driven by Recorded Music and Music Publishing segments. Adjusted EBITDA rose to €522 million, marking a 14.7% increase year-over-year, with a margin of 21.3%.
However, EBITDA declined 42.5% year-over-year to €261 million due to €261 million in non-cash share-based compensation expenses. Notably, subscription revenue grew 12.7%, while streaming revenue increased 1.9% but showed a 2.2% decline in constant currency.
Universal Music Group N.V. (Euronext: UMG) has announced that it will disclose its financial results for the first quarter ending March 31, 2023, after the close of the Euronext market on April 26, 2023. The announcement includes details of a conference call scheduled for the same day at 6:15 PM CEST to discuss these results. Investors and analysts can pre-register for a dial-in to ask questions during the call. Universal Music Group is a leader in the music entertainment industry, focusing on recorded music, music publishing, and audiovisual content, with a commitment to fostering artistic development and innovation.
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