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Universal Music Group N.V. Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2024 - Universal Music Group (OTC:UNVGY)

Summary by Benzinga
Summary Q4 2024 Results1 Revenue of €3,439 million increased 7.2% year-over-year, or 7.9% in constant currency, driven by growth across all segments. Excluding items impacting comparability detailed below, revenue grew 6.1% in constant currency. Recorded Music subscription revenue grew 7.9% year-over-year, or 9.0% in constant currency, while streaming revenue declined 5.1% year-over-year, or 4.1% in constant currency. Excluding an item impactin…

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Universal Music Group N.V. Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2024 - Universal Music Group (OTC:UNVGY)

Summary Q4 2024 Results1 Revenue of €3,439 million increased 7.2% year-over-year, or 7.9% in constant currency, driven by growth across all segments. Excluding items impacting comparability detailed below, revenue grew 6.1% in constant currency. Recorded Music subscription revenue grew 7.9% year-over-year, or 9.0% in constant currency, while streaming revenue declined 5.1% year-over-year, or 4.1% in constant currency. Excluding an item impactin…

·New York, United States
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musically.commusically.com

UMG hails indie growth and Amazon deal (but Impala begs to differ)

Universal Music Group published its latest financial results yesterday, revealing that its revenues were up 7.2% year-on-year. The post is from Music Ally.

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Cirrkus NewsCirrkus News

Universal Music Earnings Reveal Q4 '24 Streaming, Merch Growth

Is the streaming plateau’s end in sight? Perhaps, as Universal Music Group has posted solid Q4 2024 subscription-revenue growth and confirmed ongoing Super Premium talks with ‘all’ its DSP partners. Photo Credit: UMG Thanks to solid subscription gains – and despite a more than 5% slide on the ad-supported side – Universal Music Group (UMG) achieved 7.2% YoY revenue growth during 2024’s final quarter. The leading label disclosed as much in an ear…

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channelnews.com.auchannelnews.com.au

channelnews : Universal Music Defies Industry Slowdown as Revenue Exceed Expectations

Universal Music Group (UMG) has posted stronger-than-expected revenue growth for the fourth quarter of 2024, defying industry concerns over a slowdown in music streaming. The world’s largest record label reported total revenue of €3.44 billion (A$5.7 billion), up 7.9% at constant currency, surpassing analysts’ projections of €3.27 billion. Revenue from subscriptions and streaming grew 5.6%...

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Benzinga broke the news in New York, United States on Thursday, March 6, 2025.
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