US EditionUniversal Music Group N.V. Announces €500 Million Share Buyback Program
The €500 million buyback aims to address a valuation gap while supporting equity-plan obligations and maintaining investment capacity, credit ratings, and dividend policy, UMG said.
- The Universal Music Group announced on Monday a €500 million share buyback program to repurchase company stock, leveraging its strong balance sheet and cash generation.
- UMG CFO Matt Ellis stated the move addresses a 'meaningful dislocation' in market valuation, citing the company's consistent delivery of sustained growth and strong financial results.
- Earlier this month, UMG reported 9% growth in 2025 revenue, while Virgin Music completed its acquisition of Downtown Music for $775 million following a European body review.
- Executed under authorization from the UMG Annual General Meeting, the program will meet obligations under the Music Group Global Equity Plan, with the Board overseeing repurchases.
- Shelving plans for a dual stock market listing, UMG maintains its primary listing on the Euronext in Amsterdam while reconfirming commitment to its dividend policy.
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10 Articles
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14:58 Universal Music Group is going to buy back 500 million euros worth of its own shares. According to the music giant, there is a 'significant skew' in the market valuation. Analysts see a distortion instead...
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