Universal Music Group N.V. ( (UMGNF) ) has released its Q4 earnings. Here is a breakdown of the information Universal Music Group N.V. presented to its investors.
Universal Music Group N.V. (UMG) is a global leader in music-based entertainment, engaged in recorded music, music publishing, merchandising, and audiovisual content, known for its comprehensive catalog and commitment to artistry and innovation.
Universal Music Group N.V. reported a strong financial performance for the fourth quarter and full year of 2024, with significant growth in revenue and adjusted EBITDA, driven by successful artist releases and strategic investments.
The company achieved a revenue of €3,439 million in Q4 2024, marking a 7.2% year-over-year increase, and €11,834 million for the full year, up 6.5%. Adjusted EBITDA rose by 18.0% in Q4 and 12.3% for the year, reflecting improved margins and strategic cost management. Notably, recorded music subscription revenue grew by 8.2% for the year, while streaming revenue saw a slight decline. UMG also highlighted its strategic advancements in high-growth markets and responsible AI initiatives.
UMG’s management remains optimistic about future growth, emphasizing continued investment in talent and strategic initiatives like ‘Streaming 2.0’ to enhance consumer value and expand geographic reach. The company is poised to maintain its trajectory of strong financial performance and shareholder value creation.