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 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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