Streetbeat News

UNVGY

Universal Music Group N.V.

Open

11.82

Mkt cap

43B

Volume

High

11.92

P/E Ratio

27.02

52-wk high

13.49

Low

11.82

Div yield

0.02

52-wk low

11.82

Kendrick Lamar will perform at the Super Bowl LIX Halftime Show, potentially boosting Apple, Fox, and Universal Music. The event, broadcast by Fox, could increase viewership and ad rates. Apple's partnership with the NFL may enhance its music features, while Universal Music could benefit from Lamar's music sales.

Portfolio Pulse from Chris Katje

September 09, 2024 | 3:05 pm

Universal Music Group N.V. (UMG) reported a Q1 2024 revenue of €2.594 billion, marking a 5.8% increase YoY. The growth, attributed to all segments, was stronger in constant currency terms at 7.9%. EBITDA soared by 87.7% YoY to €490 million, with the EBITDA margin reaching 18.9% due to lower non-cash share-based compensation expenses. Adjusted EBITDA was €591 million, up 13.2% YoY, with its margin expanding to 22.8%, reflecting revenue growth, operating leverage, and savings from the equity plan rollout.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 3:47 pm

Universal Music Group N.V. (UMG) reported a FY23 EPS of €0.87, up from €0.80 YoY, with Q4 revenue rising 9% YoY to €3.208 billion. This growth was driven by strong performance across all segments, particularly in recorded music subscription revenue, which grew 8.9% YoY. However, streaming revenue saw a slight decline of 1.3% YoY. Adjusted EBITDA increased by 9.2% YoY to €677 million, with the EBITDA margin remaining stable at 21.1%. Top sellers included Taylor Swift and The Rolling Stones.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:53 pm

Universal Music Group N.V. (UMG) reported a Q4 EPS of €0.87, up from €0.80 YoY, with revenue increasing 9% YoY to €3.208 billion. Growth was driven by strong performance across all segments, particularly in recorded music subscription revenue, which grew 8.9% YoY. However, streaming revenue saw a slight decline of 1.3% YoY. Adjusted EBITDA rose 9.2% YoY to €677 million, with the margin steady at 21.1%. Top artists contributing to the success included Taylor Swift and The Rolling Stones.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:49 pm

Universal Music Group (UMG) is set to acquire a 25.8% stake in Chord Music Partners for $240 million, valuing Chord at $1.85 billion. This deal, advised by Goldman Sachs and others, involves UMG and Dundee Partners forming a strategic partnership to manage and acquire music IP. Chord, established by KKR and Dundee, holds over 60,000 copyrights from top artists. KKR will exit Chord, leaving Dundee and UMG with 74.2% and 25.8% ownership, respectively. The partnership aims to leverage UMG's global network for rights management and future acquisitions.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:17 pm

Google, a unit of Alphabet Inc, has featured a puzzle on its search engine to celebrate the upcoming album release from Taylor Swift. The album, '1989 (Taylor’s Version)', is set to be released on Oct. 27, 2023, by Republic Records, a unit of Universal Music Group. Swift's record-breaking 'Eras Tour' has caused the Ticketmaster website to crash, causing problems for Live Nation Entertainment. Swift's popularity has also led to Gannett Co Inc announcing that its The Tennessean newspaper is looking to hire a reporter devoted to covering Swift. The 'Eras Tour' film will be shown in AMC Entertainment Holdings theaters.

Portfolio Pulse from Chris Katje

September 20, 2023 | 6:16 pm

Superplastic, a character design studio, has announced its entry into the music industry in partnership with Universal Music Group's Virgin Records and United Music Group. The company introduced the 3D animated hip-hop duo Ghost Kidz at Rolling Loud Miami 2023. Earlier this year, Superplastic announced a collaboration with Amazon.com, Inc., which includes investment opportunities, a streaming show in development, and a first-look deal with Amazon Studios.

Portfolio Pulse from Franca Quarneti

July 24, 2023 | 7:09 pm

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