Financial TargetsUMG announced new CAGR targets through '28 of: 7%+ revenue, 8-10% subscription revenue, 10%+ adjusted EBITDA, and a 60-70% FCF conversion rate.
Market ExpansionUMG highlighted China and India as key developing markets, where music subscriptions have significant growth potential.
MonetizationAn early renewal of UMG/SPOT's deal signals stronger monetization for UMG.