See every side of every news story
Published loading...Updated

UMG Revenue Grows to $3.38B on Subscription & Publishing Gains as Physical, Merch Take a Hit

GLOBAL, JUL 31 – Universal Music Group's Q2 revenue rose 1.6% to €2.98 billion, driven by 5.1% growth in streaming and 11.5% increase in publishing revenues despite a 13% drop in physical sales.

Summary by Billboard
Universal Music's earnings release shows that overall Q2 revenue grew to $3.38 billion on music publishing gains but slower recorded music growth.

7 Articles

Right

Music group Universal Music Group (UMG) has posted higher profits in the first half of this year, along with increased turnover.

·Amsterdam, Netherlands
Read Full Article

Recorder behind artists like Taylor Swift and Billie Eilish recorded a revenue of €2.98 billion in three months closed in June, an increase of 4.5%

·Brazil
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 40% of the sources lean Left, 40% of the sources are Center
40% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

PR Newswire broke the news in United States on Thursday, July 31, 2025.
Sources are mostly out of (0)