Record Revenue Growth
UMG reported full-year revenue growth of 8% and adjusted EBITDA growth of 14% in constant currency for 2024.
Dominance in Global Music Market
UMG had nine out of the top 10 of the world's most commercially successful recording artists for 2024, including all of the top five.
Successful Strategic Initiatives
UMG completed major new DSP deals incorporating streaming 2.0 principles with Amazon Music and Spotify.
Expansion in Artist and Label Services
UMG's acquisition of Downtown Music Holdings enhances capabilities in serving the independent music community.
Strong Financial Performance
Adjusted EBITDA margin expanded to 22.5%, up 1.2 percentage points compared with 2023.
Global Expansion Efforts
UMG expanded its global presence with new partnerships in South Asia and Ghana, and strategic distribution agreements in China.