Universal Music Stock Price, News & Analysis

Universal Music Group N.V. (Euronext: UMG) has announced the extension of Sir Lucian Grainge's contract as Chairman and CEO until May 1, 2028. The Board emphasizes the importance of strong leadership for maximizing shareholder value. Grainge's compensation will transition to a mix of equity and cash, significantly reducing his salary to $5 million annually while allowing bonuses up to $10 million based on performance criteria. Additionally, Grainge will receive a one-time transition equity award of $100 million. This strategic move aims to drive sustainable success for UMG and align executive compensation with long-term company growth.

Universal Music Group (ticker: UNVGY) reported Q4 2022 revenue of €2,942 million, a 16.7% increase year-over-year, with adjusted EBITDA rising 23.3% to €620 million. Full-year 2022 revenue reached €10,340 million, up 21.6%, while free cash flow surged 70.2% to €1,086 million. Digital and subscription revenues fueled growth, with notable contributions from top artists like Taylor Swift and The Beatles. However, net profit declined to €782 million, or €0.43 per share, primarily due to revaluation expenses. A proposed dividend of €491 million, or €0.27 per share, is subject to shareholder approval.

Universal Music Group N.V. (Euronext: UMG) announced that its Chairman and CEO, Sir Lucian Grainge, will participate in the Pershing Square Holdings, Ltd. Annual Investor Meeting on February 9, 2023, at 4:00 PM CET. The event offers an opportunity for investors to gain insights directly from UMG's leadership. To listen to the webcast, visit investors.universalmusic.com. UMG is a leader in music-based entertainment with a diverse portfolio encompassing recorded music, music publishing, and merchandising, dedicated to fostering artistry and innovation in the industry.

Universal Music Group N.V. (Euronext: UMG) will release its financial results for Q4 and full year 2022 on March 2, 2023, after the Euronext market closes. A conference call discussing these results is scheduled for the same day at 6:15 PM CET. Investors can access the live audio webcast through investors.universalmusic.com, where a replay will be available afterward. UMG is a leader in music entertainment, focusing on recorded music, music publishing, and audiovisual content, with a significant artist catalog across genres.

Universal Music Group N.V. announced the appointment of Sherry Lansing as Chairman of the Board, effective January 10, 2023. She succeeds Judy Craymer CBE, who is retiring to focus on her work as a film and theatre producer. The board expressed gratitude for Craymer's contributions.

Universal Music Group, a leader in music-based entertainment, engages in recorded music, music publishing, merchandising, and audiovisual content, aiming to enhance opportunities for artists and fans.

Universal Music Enterprises (UMe) has launched uDiscover Música, a Spanish-language platform aimed at music enthusiasts to explore Latin music and international catalog stories. Building on the success of uDiscover Music, the site will feature artist interviews, news, and exclusive content. With Latin America as a rapidly growing music market, UMe plans to collaborate with local teams to highlight regional artists. The platform aims to attract Spanish-speaking audiences and enhance the reach of UMG’s diverse catalog, showcasing a commitment to cultural influence in the music industry.

Universal Music Group N.V. (EURONEXT: UMG) announced that Boyd Muir, EVP, CFO, and President of Operations, will speak at the Morgan Stanley European Technology, Media & Telecom Conference on November 16, 2022, at 14:00pm CET. This engagement highlights UMG's ongoing commitment to transparency and investor engagement. The event will be available to listen to via a webcast on their investor relations website. UMG remains a leading entity in music entertainment, dedicated to nurturing artists and expanding creative opportunities.

As of November 1, 2022, The Ed Sullivan Show has surpassed one billion total views across its digital channels, including YouTube, Apple Music, and Facebook. The show also achieved 500K YouTube subscribers, highlighting its significant expansion through a global digital rights agreement with SOFA Entertainment. More than 250 million YouTube views were achieved since June 2020, with notable performances from artists like The Jackson 5 and Elvis Presley. This initiative aims to introduce the show's historic performances to new audiences, revitalizing its cultural impact.

Universal Music Group reported Q3 2022 revenue of €2,664 million, up 13.3% year-over-year in constant currency, driven by all segments. Recorded Music revenue increased 10.1%, while Music Publishing and Merchandising grew 6.9% and 101.1%, respectively. Adjusted EBITDA reached €553 million, a 9.1% year-over-year rise. Year-to-date, revenue totaled €7,398 million, marking a 15.6% increase, with EBITDA of €1,499 million, up 10.2%. Benefits included a €71 million legal settlement, offset by accounting changes affecting Music Publishing revenues.