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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. (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.
