Universal Music Group NV

UMG: XAMS (NLD)

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Universal Music Earnings: Sales Growth Accelerates on Subscription Streaming Strength

Matthew Dolgin

Apr 29, 2025

Universal Music's first-quarter revenue grew 9.5% year over year even after excluding a 2.3% growth benefit from currency exchange rates, with the critical subscription streaming revenue driving the strength. The EBITDA margin also expanded, as lower employee costs boosted profits.

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Universal Music Group NV

Universal Music Earnings: Sales Growth Accelerates on Subscription Streaming Strength

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