Universal Music Group N.V. (UMGNF)

Revenue by Geography

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
U.S. Revenue	5.97B	5.58B
U.S. Revenue Growth	7.03%	8.06%
UK Revenue	1.07B	941.00M
UK Revenue Growth	13.18%	0.53%
Japan Revenue	761.00M	768.00M
Japan Revenue Growth	-0.91%	9.87%
Germany Revenue	604.00M	576.00M
Germany Revenue Growth	4.86%	15.43%
France Revenue	459.00M	444.00M
France Revenue Growth	3.38%	11.28%
Rest of The World Revenue	2.97B	2.80B
Rest of The World Revenue Growth	6.21%	5.90%

Revenue

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Streaming Revenue	1.44B	1.41B	1.43B
Streaming Revenue Growth	1.84%	-0.77%	0.35%
Subscription Revenue	4.81B	4.62B	4.28B
Subscription Revenue Growth	4.09%	8.16%	9.59%
Subscription and Streaming Revenue	6.25B	6.04B	5.70B
Subscription and Streaming Revenue Growth	3.56%	5.93%	7.12%
Downloads and Other Digital Revenue	195.00M	180.00M	207.00M
Downloads and Other Digital Revenue Growth	8.33%	-13.04%	-38.58%
Physical Revenue	1.36B	1.36B	1.38B
Physical Revenue Growth	-0.07%	-1.59%	14.33%
License and Other Revenue	1.37B	1.33B	1.17B
License and Other Revenue Growth	3.40%	12.86%	9.52%
Total Recorded Music Revenue	9.18B	8.90B	8.46B
Total Recorded Music Revenue Growth	3.08%	5.20%	6.60%
Performance Revenue	453.00M	442.00M	416.00M
Performance Revenue Growth	2.49%	6.25%	12.13%
Synchronisation Revenue	259.00M	253.00M	254.00M
Synchronisation Revenue Growth	2.37%	-0.39%	7.63%
Digital Revenue	1.36B	1.27B	1.13B
Digital Revenue Growth	7.49%	12.41%	8.46%
Mechanical Revenue	106.00M	103.00M	108.00M
Mechanical Revenue Growth	2.91%	-4.63%	11.34%
Other Music Publishing Revenue	57.00M	55.00M	50.00M
Other Music Publishing Revenue Growth	3.64%	10.00%	-9.09%
Total Music Publishing Revenue	2.24B	2.12B	1.96B
Total Music Publishing Revenue Growth	5.52%	8.44%	8.73%
Merchandising & Other Revenue	806.00M	842.00M	706.00M
Merchandising & Other Revenue Growth	-4.28%	19.26%	14.24%
Eliminations from Revenue	-30.00M	-30.00M	-15.00M

EBITDA

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Recorded Music EBITDA	2.27B	2.07B	1.62B
Recorded Music EBITDA Growth	9.55%	28.12%	-11.44%
Music Publishing EBITDA	511.00M	486.00M	420.00M
Music Publishing EBITDA Growth	5.14%	15.71%	6.33%
Merchandising & Other EBITDA	21.00M	42.00M	43.00M
Merchandising & Other EBITDA Growth	-50.00%	-2.33%	19.44%
Corporate Centre EBITDA	-280.00M	-269.00M	-273.00M

Updated Jun 30, 2025. Data Source: Fiscal.ai.