Universal Music Group NV

UMG: XAMS (NLD)

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Universal Music Earnings: Strong Finish to 2024 Is Consistent With the Long-Term Path We See

Matthew Dolgin

Mar 6, 2025

Better profitability was the highlight of Universal Music's fourth-quarter report, while sales growth was consistent with what we expect long term. Adjusted for comparability, fourth-quarter sales grew 6% year over year, and EBITDA grew 10%. Full-year sales and EBITDA grew 8% and 14%, respectively.

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Universal Music Group NV

Universal Music Earnings: Strong Finish to 2024 Is Consistent With the Long-Term Path We See

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