Universal Music Group N.V. (UNVGY)
Market Cap | 46.71B |
Revenue (ttm) | 12.31B |
Net Income (ttm) | 1.66B |
Shares Out | n/a |
EPS (ttm) | 0.89 |
PE Ratio | 28.16 |
Forward PE | n/a |
Dividend | 0.18 (1.38%) |
Ex-Dividend Date | Oct 3, 2024 |
Volume | 1,624,100 |
Open | 12.65 |
Previous Close | 12.67 |
Day's Range | 12.65 - 12.74 |
52-Week Range | 11.29 - 15.85 |
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]
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 StatementsNews
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).
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 ...
Universal Music Group: Pershing does not have the right to require Amsterdam delisting
CNBC's Andrew Ross Sorkin reports on the latest news.
Universal Music Group Shuts Down Bill Ackman's Request To Delist From Amsterdam Stock Exchange
Universal Music Group opposed a request from billionaire Bill Ackman to delist from Amsterdam's stock exchange, saying Ackman's hedge fund has no right to ask the record label to do so after Ackman ci...
UMG says Pershing does not have right to require Amsterdam delisting
Record label Universal Music Group said on Saturday that billionaire Bill Ackman's Pershing Square does not have any right to require UMG to become a U.S.-domiciled company or delist from Euronext Ams...
Statement From Universal Music Group N.V.
HILVERSUM, Netherlands , Nov. 9, 2024 /PRNewswire/ -- "We have taken note of Bill Ackman's post in relation to Pershing Square and UMG on X yesterday. Neither UMG nor any of its other board members we...
Ackman wants to move Pershing Square, UMG from Amsterdam after attacks
Billionaire Bill Ackman said on Friday he would seek to delist investment firm Pershing Square Holdings and move record label Universal Music Group away from Amsterdam, following attacks on Israeli so...
Universal Music Group will move to U.S. exchange in 2025, Ackman says
Billionaire Bill Ackman will move Universal Music Group from its stock market listing in Amsterdam to the New York Stock Exchange or the Nasdaq by the end of 2025. Ackman's Pershing Square has unusual...
Universal Music Group N.V. To Participate in the Morgan Stanley European Technology, Media & Telecom Conference 2024
HILVERSUM, The Netherlands , Nov. 6, 2024 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that its COO and CFO, Boyd Muir, will participate in a question-and-answer session ...
France's Believe faces $500 mln copyright dispute with UMG in the U.S.
Shares in French digital music company Believe rose 1.6% in a delayed start to trading on Tuesday after Universal Music Group filed a copyright infringement complaint in the U.S., seeking damages of a...
Universal Music Group N.V. (UMGNF) Q3 2024 Earnings Call Transcript
Universal Music Group N.V. (OTCPK:UMGNF) Q3 2024 Earnings Conference Call October 30, 2024 1:15 PM ET Company Participants Sir Lucian Grainge - Chairman and Chief Executive Officer Boyd Muir - Executi...
Universal Music Revenue Beats Forecasts Amid Subscriptions Boost
Universal Music Group posted higher revenue after growth from subscriptions and streaming services exceeded analysts' expectations.
Universal Music Group N.V. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2024
Announces Promotion of Boyd Muir to Chief Operating Officer, Plans for Chief Financial Officer Transition Summary Q3 2024 Results1 Revenue of €2,870 million increased 4.3% year-over-year, or 4.9% in c...
Universal Music Group partners with KLAY to develop ethical AI technology
Universal Music Group has partnered with Los Angeles-based AI music company KLAY Vision to develop artificial intelligence tools for the music industry in an ethical way, it said on Monday.
Universal Music release AI-powered Spanish version of Brenda Lee's hit song
Universal Music Group on Friday released a Spanish version of country music star Brenda Lee's 1958 hit song "Rockin' Around the Christmas Tree" using SoundLabs' AI technology.
Limp Bizkit sues label Universal Music over unpaid royalties
Rap-rock band Limp Bizkit sued its label Universal Music Group in California federal court on Tuesday, claiming the group is owed at least $200 million in unpaid royalties.
Universal Music Group N.V. to Announce Financial Results for the Third Quarter Ended September 30, 2024
HILVERSUM, The Netherlands , Oct. 2, 2024 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that it will release its financial results for the third quarter ended September 30...
My 3 Favorite European Stocks To Diversify Your Portfolio
Here is an emphasis on the importance of diversification in US-based investment portfolios to mitigate risks and enhance returns. The recommendation is to focus on sectors with strong growth potential...
Universal Music Looks to Subscriptions, Superfans for Fresh Growth
The world's largest music company laid out a vision to drive revenue growth through 2028.
UMG sees adjusted compound core profit growth of more than 10% through 2028
Music label Universal Music Group , home to Taylor Swift, expects a compound annual growth rate (CAGR) in its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of more t...
Universal Music Group N.V. Provides New Financial Targets through FY 2028 Ahead of its 2024 Capital Markets Day
HILVERSUM, Netherlands , Sept. 17, 2024 /PRNewswire/ -- Universal Music Group N.V.
Meta, Universal Music Group Take Aim at AI Content in Expanded Licensing Deal
Meta Platforms (META) and Universal Music Group (UMGNF) announced a multi-year deal designed to create business opportunities for artists and songwriters on Facebook, Instagram and other Meta platform...
Universal Music Group strikes Meta deal to license Taylor Swift, more artists on WhatsApp
Pop stars including Taylor Swift, Adele, Billie Eilish and Elton John will soon have their music played and shared across WhatsApp.
Meta, Universal Music Group addresses AI music in new licensing agreement
Meta and Universal Music Group (UMG) announced on Monday the expansion of their multi-year music licensing agreement, which enables users to share songs from UMG's music library across Meta's platform...
Universal Music, Meta expand music licensing agreement
Universal Music Group (UMG), the world's biggest music label, announced on Monday an expanded agreement with Facebook-parent Meta Platforms to create new opportunities for its artists and songwriters ...