Universal Music Group N.V. (UMGNF)

OTCMKTS · Delayed Price · Currency is USD
25.50
+0.09 (0.33%)
Dec 23, 2024, 4:00 PM EST
-9.41%
Market Cap 46.61B
Revenue (ttm) 12.31B
Net Income (ttm) 1.66B
Shares Out n/a
EPS (ttm) 0.89
PE Ratio 28.10
Forward PE n/a
Dividend 0.27 (1.07%)
Ex-Dividend Date Oct 2, 2024
Volume 154,500
Open 25.13
Previous Close 25.42
Day's Range 25.13 - 26.06
52-Week Range 22.53 - 32.24
Beta 0.86
Analysts n/a
Price Target n/a
Earnings Date Feb 28, 2025

About Universal Music Group

Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations. The Music Publishing segment discovers and develops songwriters, as well as owns and administers the copyright for musical compositions used in recordings, public pe... [Read more]

Industry Entertainment
Founded 2020
Employees 10,290
Stock Exchange OTCMKTS
Ticker Symbol UMGNF
Full Company Profile

Financial Performance

In 2023, Universal Music Group's revenue was 11.11 billion, an increase of 7.43% compared to the previous year's 10.34 billion. Earnings were 1.26 billion, an increase of 61.00%.

Financial numbers in EUR Financial Statements

News

Universal Music Group Expands Partnership With Amazon Music

Universal Music Group NV, the world’s largest record label, expanded its global partnership with Amazon.com Inc.’s premium music service to boost fan engagement and fraud protection.

1 day ago - BNN Bloomberg

Spotify Fires Back At Drake: Calls 'Artificially Inflated Streams' Allegation Over Kendrick Lamar's Hit Unfounded

Spotify Technology SA (NYSE: SPOT) has strongly denied allegations from Drake that it “artificially inflated” streaming numbers for rival artist Kendrick Lamar’s track “Not Like Us.” What Happened: I...

3 days ago - Benzinga

Brazilian judge orders Adele song be pulled globally over plagiarism claim

Composer Toninho Geraes claims 2015 song Million Years Ago copied music of his samba classic Mulheres (Women) A Brazilian judge has ordered a song by British pop superstar Adele, Million Years Ago, be...

7 days ago - The Guardian

Universal Buys Indie Music Specialist Downtown for $775 Million

Universal Music Group’s Virgin unit is acquiring Downtown Music Holdings LLC for $775 million in cash in one of the largest music-industry deals this year.

7 days ago - BNN Bloomberg

Universal's Virgin Music Group to buy Downtown Music for $775 mln

Virgin Music Group, the global independent music unit of Universal Music Group , said on Monday it will acquire Downtown Music in an all-cash deal valued at $775 million (737.32 million euros).

7 days ago - Reuters

US media groups warn UK over AI content-scraping rules

Body that represents Disney, Fox and Universal Music set out ‘strong opposition’ over weakening of copyright laws

12 days ago - Financial Times

The Long Wave: The Lamar v Drake beef has gone legal – what does it say about today’s hip-hop industry?

In this week’s newsletter: Lawyers are now involved in the most explosive rap feud of the century. A look at the potential cultural and commercial impact, and how hip-hop became big business Hello and...

13 days ago - The Guardian

Drake's Legal Fight Involving Kendrick Lamar Takes Center Stage – And So Do Their Mega-Mansions

Drake has escalated his rivalry with Kendrick Lamar beyond diss tracks, filing a lawsuit against Spotify and Universal Music Group over alleged manipulation of streaming numbers. The legal action targ...

19 days ago - Benzinga

Universal Music Stock: A Compelling Long-Term Compounder

Universal Music Group's strong moats, including a diverse revenue stream and ownership of top global artists, make it a compelling long-term investment. The music streaming market is expected to grow ...

26 days ago - Seeking Alpha

Drake takes Kendrick Lamar feud to court, accusing Universal Music of inflating his Spotify numbers in ‘diss track’ battle

Drake, the highest-grossing rapper in the world last year, and Lamar, a Pulitzer Prize winner, have long been locked in an escalating war of words.

27 days ago - Fortune

Drake makes second legal move against UMG alleging defamation over Kendrick Lamar’s 'Not Like Us'

Hip-hop artists usually drop bangers, not lawsuits... But Drake has now filed a second legal dispute against Universal Music Group, this time for defamation surrounding Kendrick Lamar’s hit song ‘Not ...

27 days ago - Euronews

Drake launches 2nd legal action over Kendrick Lamar's song. What could happen next?

Drake has launched a second legal action against Universal Music Group, accusing the music giant of defamation and claiming it could have halted the release of Kendrick Lamar's song Not Like Us for "f...

27 days ago - CBC News

Drake accuses Spotify, Universal of illegally boosting Kendrick Lamar diss track 'Not Like Us'

Drake has taken legal action accusing Spotify and Universal Music Group (UMG) of artificially inflating the popularity of Kendrick Lamar’s diss track against him, “Not Like Us.” A Monday filing to New...

27 days ago - The Hill

Drake lost his rap battle with Kendrick Lamar. Now he's going to war with Spotify.

The superstar rapper alleges that Universal Music Group and Spotify conspired to boost Kendrick Lamar's playcount. Insiders are skeptical.

27 days ago - Business Insider

Drake says Universal Music Group, Spotify 'artificially inflated' Kendrick Lamar's 'Not Like Us'

The beef between rappers Drake and Kendrick Lamar exploded on the airwaves this summer.

27 days ago - NBC News

Drake is getting the courts involved in his rap feud with Kendrick Lamar, and hip-hop fans aren't impressed

Drake's company Frozen Moments has filed a petition claiming that Universal Music Group and Spotify falsely boosted Kendrick Lamar's "Not Like Us."

27 days ago - Business Insider

In court filing, Drake alleges UMG and Spotify artificially inflated popularity of diss track ‘Not Like Us’

The longstanding feud between rappers Drake and Kendrick Lamar is heating up. Drake — via a business entity called Frozen Moments LLC — filed a petition yesterday in a New York Supreme Court accusing ...

4 weeks ago - TechCrunch

Drake accuses UMG, Spotify of using bots, pay-to-play to boost Kendrick's Not Like Us

Drake has begun legal action against Universal Music Group and Spotify, alleging they conspired to falsely pump up the popularity of Kendrick Lamar's Not Like Us, a song that viciously attacked Drake ...

4 weeks ago - CBC News

Drake claims UMG and Spotify ‘artificially inflated’ Kendrick Lamar’s diss track Not Like Us

Feud escalates as rapper’s lawyers file petition alleging Universal Music Group and streaming giant conspired to make rival’s hit more successful Drake has launched legal action against Universal Musi...

4 weeks ago - The Guardian

Drake claims UMG and Spotify boosted Kendrick Lamar diss track

Drake has alleged that Universal Music Group (UMG) and Spotify artificially boosted Kendrick Lamar's Not Like Us diss track, that was aimed at him.

4 weeks ago - Sky News

Drake says UMG and Spotify used bots and payola to make ‘Not Like Us’ seem popular

Photo by Prince Williams/Wireimage Musically speaking, I’d say Drake lost the tit-for-tat feud this year between himself and Kendrick Lamar, which culminated in Lamar’s hit song “Not Like Us.” But Dra...

4 weeks ago - The Verge

Universal Music Group: Pershing does not have the right to require Amsterdam delisting

CNBC's Andrew Ross Sorkin reports on the latest news.

6 weeks ago - CNBC Television

Universal Music Group: Pershing does not have the right to require Amsterdam delisting

CNBC's Andrew Ross Sorkin reports on the latest news.

6 weeks ago - CNBC