Universal Music Group N.V. Provides New Financial Targets through FY 2028 Ahead of its 2024 Capital Markets Day
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 N.V. (EURONEXT: UMG), leader mondiale nell'intrattenimento musicale, terrà il suo Capital Markets Day 2024 a Londra. L'azienda ha annunciato nuovi obiettivi finanziari per l'anno fiscale 2028, prevedendo una crescita elevata di entrate e EBITDA rettificato. Gli obiettivi chiave includono:
- Crescita annua composta delle entrate (CAGR): oltre il 7%
- Crescita annua composta delle entrate da abbonamenti (CAGR): tra l'8% e il 10%
- Crescita annua composta dell'EBITDA rettificato (CAGR): oltre il 10%
- Percentuale di conversione del flusso di cassa libero: tra il 60% e il 70%
Questi obiettivi sono sostenuti da una continua crescita delle entrate da abbonamenti, un'accelerazione della monetizzazione dei superfan e un ecosistema di partner in espansione. L'evento del Capital Markets Day, che include presentazioni e una sessione di domande e risposte con il management senior, sarà trasmesso in diretta ma non sarà disponibile per la visione successiva.
Universal Music Group N.V. (EURONEXT: UMG), líder mundial en entretenimiento musical, celebrará su Día de Mercados de Capitales 2024 en Londres. La compañía ha anunciado nuevos objetivos financieros para el año fiscal 2028, esperando un alto crecimiento en ingresos y EBITDA ajustado. Los objetivos clave incluyen:
- Crecimiento de ingresos CAGR: más del 7%
- Crecimiento de ingresos por suscripción CAGR: entre el 8% y el 10%
- Crecimiento de EBITDA ajustado CAGR: más del 10%
- Tasa de conversión de flujo de caja libre: entre el 60% y el 70%
Estos objetivos están impulsados por el crecimiento continuo en ingresos por suscripción, la aceleración de la monetización de superfan y un ecosistema de socios en expansión. El evento del Día de Mercados de Capitales, que contará con presentaciones y una sesión de preguntas y respuestas con la alta dirección, será transmitido en vivo pero no estará disponible para su repetición.
유니버설 뮤직 그룹 N.V. (EURONEXT: UMG), 세계 음악 기반 엔터테인먼트의 리더,는 2024년 자본시장 데이를 런던에서 개최합니다. 이 회사는 2028 회계연도까지의 새로운 재무 목표를 발표하며 높은 매출 및 조정 EBITDA 성장을 예상하고 있습니다. 주요 목표는 다음과 같습니다:
- 매출 CAGR: 7% 이상
- 구독 매출 CAGR: 8-10%
- 조정 EBITDA CAGR: 10% 이상
- 자유 현금 흐름 전환율: 60-70%
이 목표는 구독 매출의 지속적인 성장, 슈퍼팬 수익화의 가속화 및 확장하는 파트너 생태계에 의해 추진됩니다. 자본시장 데이 이벤트는 고위 경영진과의 프레젠테이션 및 질문 및 답변 세션이 포함되며, 라이브 스트리밍되지만 재방문할 수 없습니다.
Universal Music Group N.V. (EURONEXT: UMG), leader mondial dans le domaine du divertissement musical, tiendra son Capital Markets Day 2024 à Londres. L'entreprise a annoncé de nouveaux objectifs financiers pour l'exercice 2028, s'attendant à une forte croissance des revenus et de l'EBITDA ajusté. Les objectifs clés comprennent :
- Croissance annuelle des revenus (CAGR) : plus de 7%
- Croissance des revenus d'abonnement (CAGR) : entre 8 et 10%
- Croissance de l'EBITDA ajusté (CAGR) : plus de 10%
- Taux de conversion de flux de trésorerie libre : entre 60 et 70%
Ces objectifs sont soutenus par une croissance continue des revenus d'abonnement, une monétisation accélérée des superfans et un écosystème de partenaires en expansion. L'événement du Capital Markets Day, qui comprendra des présentations et une session de questions-réponses avec la direction, sera diffusé en direct mais ne sera pas disponible en replay.
Universal Music Group N.V. (EURONEXT: UMG), der weltweit führende Anbieter im Musik-Entertainment, veranstaltet seinen Kapitalmarkttag 2024 in London. Das Unternehmen hat neue finanzielle Ziele bis zum Geschäftsjahr 2028 bekannt gegeben und erwartet ein starkes Wachstum bei Umsatz und bereinigtem EBITDA. Die Hauptziele umfassen:
- Umsatz CAGR: über 7%
- Abonnementumsatz CAGR: 8-10%
- Bereinigtes EBITDA CAGR: über 10%
- Wachstumsrate des freien Cashflows: 60-70%
Diese Ziele werden durch das anhaltende Wachstum der Abonnementumsätze, die Beschleunigung der Monetarisierung von Superfans und ein wachsendes Partner-Ökosystem unterstützt. Die Veranstaltung des Kapitalmarkttages, die Präsentationen und eine Frage-Antwort-Runde mit dem oberen Management beinhaltet, wird live gestreamt, ist jedoch nicht zur späteren Wiedergabe verfügbar.
- Projected Revenue CAGR of 7+% through FY 2028
- Expected Subscription revenue CAGR of 8-10%
- Anticipated Adjusted EBITDA CAGR of 10+%
- Targeted Free Cash Flow conversion rate of 60-70%
- Continued growth in subscription revenue expected
- Accelerating superfan monetization
- Expanding partner ecosystem
- None.
HILVERSUM,
UMG expects to continue achieving high Revenue and Adjusted EBITDA growth, driven in part by the continued growth in subscription revenue, accelerating superfan monetization, and an expanding partner ecosystem, that it expects will translate into meaningful Free Cash Flow generation. Management will provide further details to support this outlook during the Capital Markets Day.
Financial Targets through FY 2028
Revenue CAGR* | 7+% |
Subscription revenue CAGR* | 8 |
Adjusted EBITDA CAGR* | 10+% |
Free Cash Flow conversion rate (before investing activity) | 60 |
* constant currency |
The Capital Markets Day will begin today, September 17, at 2:00 PM BST and will conclude at approximately 6:00 PM BST. The event, including all presentations and a Q&A session with senior management, can be livestreamed here: Universal Music Group Capital Markets Day 2024. A replay of the event will not be available. Presentation materials will be posted to the Financial Reports page of the Universal Music Group Investor Relations website, investors.universalmusic.com, at the conclusion of the event.
Cautionary Notice
This press release is published by Universal Music Group N.V. and contains inside information within the meaning of article 7 (1) of Regulation (EU) No 596/2014 (Market Abuse Regulation).
Forward-looking statements
This press release contains statements that constitute forward-looking statements relating to the business, financial performance and results of Universal Music Group N.V. (the "Company" or "UMG") and the industry in which the Company operates. Such forward-looking statements may be identified by the use of words such as "expectation", "belief", "estimate", "plan", "target", or "forecast" and similar expressions or the negative thereof; or by the forward-looking nature of discussions of strategy, plans or intentions; or by their context. Although UMG believes that such forward-looking statements are based on reasonable assumptions, they are not guarantees of future performance. Actual results may differ materially from such forward-looking statements as a result of a number of risks and uncertainties, many of which are related to factors that are outside UMG's control, including, but not limited to, UMG's inability to compete successfully and to identify, attract, sign and retain successful recording artists and songwriters, failure of streaming and subscription adoption or revenue to grow or to grow less rapidly than anticipated, UMG's reliance on digital service providers, UMG's inability to execute its business strategy, the global nature of UMG's operations, UMG's inability to protect its intellectual property and against piracy, UMG's inability to attract and retain key personnel, changes in laws and regulations and the other risks that are described in the 2023 Annual Report. Accordingly, UMG cautions readers against placing undue reliance on such forward-looking statements. Such forward-looking statements are made as of the date of this press release. UMG disclaims any intention or obligation to provide, update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.
The forward-looking statements in this press release include target, goal, hypothetical or estimated results, projections and other comparable phrases and concepts which are hypothetical in nature and are shown for illustrative, informational purposes only and may not materialize. Except as otherwise specifically stated, these forward-looking statements are not intended to forecast or predict future events, but rather to show the hypothetical estimates calculated using specific assumptions presented herein and during the Capital Markets Day presentation. They do not reflect any actual results, which may differ materially. No representation or warranty is made as to the reasonableness of the assumptions made or that all assumptions used in calculating the target, goal, hypothetical or estimated results or projections have been stated or fully considered. Changes in the assumptions may have a material impact on the target, goal, hypothetical or estimated results or projections presented. Target, goal, hypothetical or estimated results or projections may not materialize.
Alternative Performance Indicators
This press release includes certain alternative performance measures which are not defined in IFRS issued by the International Accounting Standards Board as endorsed by the EU. The descriptions of these alternative performance measures are included in the 2023 Annual Report which is available on our website at investors.universalmusic.com/reports.
About Universal Music Group
At Universal Music Group, we exist to shape culture through the power of artistry. UMG is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalogue of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. For more information on Universal Music Group N.V. visit www.universalmusic.com.
Contacts
Media
James Murtagh-Hopkins - communicationsnl@umusic.com
Investors
Erika Begun - investorrelations@umusic.com
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SOURCE Universal Music Group N.V.
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