Universal Music Group NV

UMG: XAMS (NLD)

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Universal Music Earnings: Streaming Was Strong While Other Areas Led to Meager Sales Growth

Matthew Dolgin

Jul 31, 2025

Tough licensing, merchandise, and vinyl comparisons from last year—when Taylor Swift released an album and was touring—plus a 3-percentage-point currency headwind were behind second-quarter sales growth of only 1.6%. However, subscription streaming sales grew 8.5% in constant currency.

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Universal Music Group NV

Universal Music Earnings: Streaming Was Strong While Other Areas Led to Meager Sales Growth

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