Universal Music, the first quarterly as a listed company: profits up by 17%

28 Oct Universal Music, the first quarterly as a listed company: profits up by 17%

The operational and financial performance in the first quarter as a listed company satisfies UMG, which relies on the strength of its catalogue and innovation to ensure increasingly diversified revenue and growth for its shareholders. The publishing division generated 363 million euros (+ 19.8% on an annual basis); merchandising and ancillary revenue items – driven by the relaxation of anti-Covid restrictions – generated 84 million euros (+ 13.5% on an annual basis). Recorded music produced € 1.711 billion (+ 15.5%), with a year-on-year increase of 14% for streaming and 8.9% for vinyl, which led the physicist. Overall, Universal’s revenue for the quarter was € 2.153 billion (+ 16.1% year-on-year) and EBITDA was $ 426 million (+ 19.8% year-on-year). Therefore, revenues grew by 17.4%, revenues from recorded music by 15.2% and EBITDA by 20.7.