Universal Music Group N.V.
UMG
ISIN NL0015000IY2 / Valor 113742301
Universal Music Group N.V.
UMushroom community rating:
About company
Universal Music Group N.V. (UMG) stands as a global leader in the music-based entertainment industry, with a business model that extends beyond traditional music production and distribution. The company has harnessed its unique position and insights into the music world to create a broad spectrum of integrated brand opportunities. These opportunities span across various platforms and touchpoints, including digital media, live events, and synchronization rights, allowing for the leveraging of artists' names and likenesses. UMG's approach is designed to maximize the reach and engagement with audiences worldwide, tapping into the vast potential of billions of music fans. This strategy underscores the company's innovative edge in developing partnerships and experiences that resonate across the global entertainment landscape, making UMG a pivotal player in shaping the future of music and entertainment.
Summarized from source with an LLMView SourceSector: Consumer CyclicalsLatest Results (07.08.2024):
Revenue Growth
Universal Music Group N.V. reported revenue of €2,594 million for the first quarter of 2024, marking a 5.8% increase year-over-year, or 7.9% in constant currency. This growth was driven by solid performance across all segments.
Adjusted EBITDA
Adjusted EBITDA for Universal Music Group N.V. in Q1 2024 was €591 million, reflecting a 13.2% increase year-over-year, or 15.9% in constant currency. The Adjusted EBITDA margin expanded by 1.5 percentage points to 22.8%.
Recorded Music Revenue
In the first quarter of 2024, Universal Music Group N.V.'s Recorded Music revenue reached €1,989 million, up 3.4% year-over-year, or 5.6% in constant currency. Subscription revenue grew by 10.7% year-over-year, or 12.5% in constant currency, while streaming revenue increased by 8.9% year-over-year, or 10.3% in constant currency.
Music Publishing Revenue
Universal Music Group N.V.'s Music Publishing revenue for Q1 2024 was €496 million, a 16.7% increase year-over-year, or 18.4% in constant currency. Digital revenue saw a significant rise of 22.9% year-over-year, or 24.6% in constant currency.
Merchandising and Other Revenue
For the first quarter of 2024, Universal Music Group N.V. reported Merchandising and Other revenue of €114 million, which is a 6.5% increase year-over-year, or 7.5% in constant currency. This growth was primarily driven by increased touring merchandise sales.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
47723 M
Market cap (USD)
2,400,088
Daily traded volume (Shares)
24.43 / 22.85
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Vladimir Jovicic
Luba Schoenig
Lea Katunaric
EQUITIES OF THE SAME SECTOR
