Skip to Content

Universal Music Group NV

UMG: XAMS (NLD)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
€15.00TpcwzWpbklydqcl

Universal Music Will Benefit From Continued Streaming Adoption Along With the Vinyl Revival

Business Strategy and Outlook

Spun out of Vivendi in September 2021, Universal Music is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Like its smaller peers, the majority of Universal’s revenue comes from streaming, which generated 69% of total recording segment revenue in 2022, up from 54% in fiscal 2018. This percentage actually understates the overall impact of streaming, as Universal does not break out the streaming portion of publishing revenue separately.

Free Trial of Morningstar Investor

Get our analysts’ objective, in-depth, and continuous investment coverage of UMG so you can make buy / sell decisions free of market noise.

Start Free Trial

Sponsor Center