UNIVERSAL MUSIC GRP U/ADR - UNVGY STOCK NEWS

Universal Music Group (UMG) has responded to Bill Ackman's recent social media post regarding Pershing Square and UMG. The company clarified that neither UMG nor its board members were involved in formulating the views expressed in that post. According to UMG's listing prospectus, Pershing has the right to request a US listing only if a Pershing entity sells at least $500 million in UMG shares during the listing process. However, Pershing cannot require UMG to become US-domiciled or delist from Euronext Amsterdam. Any decisions beyond contractual obligations will be based on maximizing value for all shareholders.

Universal Music Group N.V. (EURONEXT: UMG) has announced that Boyd Muir, the company's COO and CFO, will participate in a Q&A session at the Morgan Stanley European Technology, Media & Telecom Conference. The session is scheduled for November 20, 2024, at 12:20pm CET. Interested parties can access the webcast through the company's investor relations website at investors.universalmusic.com.

Universal Music Group reported Q3 2024 revenue of €2,870 million, up 4.3% year-over-year (4.9% in constant currency). Recorded Music subscription revenue grew 7.6%, while streaming revenue declined 0.8%. Adjusted EBITDA increased 6.9% to €621 million, with margin expanding to 21.6%. For the first nine months of 2024, revenue reached €8,396 million, up 6.3%, with Adjusted EBITDA growing 10% to €1,862 million. Top performers included Taylor Swift, Sabrina Carpenter, and Billie Eilish. The company announced Boyd Muir's promotion to Chief Operating Officer while maintaining CFO duties until a replacement is found.

Universal Music Group N.V. (EURONEXT: UMG) has announced that it will release its financial results for the third quarter ended September 30, 2024 after the close of the Euronext market on October 31, 2024. The company will host a conference call to discuss these results on the same day at 6:15pm CET.

A link to the live audio webcast will be available on investors.universalmusic.com, with a replay link provided after the call. While the webcast is accessible to all, a dial-in telephone number will be required for investors and analysts who wish to ask questions. Those interested in participating can pre-register for a dial-in line at investors.universalmusic.com under the "Financial Reports" tab.

Universal Music Group N.V. (EURONEXT: UMG), the world leader in music-based entertainment, is holding its 2024 Capital Markets Day in London. The company has announced new financial targets through FY 2028, expecting high Revenue and Adjusted EBITDA growth. Key targets include:

• Revenue CAGR: 7+%
• Subscription revenue CAGR: 8-10%
• Adjusted EBITDA CAGR: 10+%
• Free Cash Flow conversion rate: 60-70%

These targets are driven by continued growth in subscription revenue, accelerating superfan monetization, and an expanding partner ecosystem. The Capital Markets Day event, featuring presentations and a Q&A session with senior management, will be livestreamed but not available for replay.

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.