Universal Music Group N.V. (UNVGY)

OTCMKTS · Delayed Price · Currency is USD
12.72
+0.05 (0.39%)
Dec 23, 2024, 4:00 PM EST
-9.53%
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]

Industry Entertainment
Founded 2020
Employees 10,290
Stock Exchange OTCMKTS
Ticker Symbol UNVGY
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'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

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

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 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...

6 weeks ago - Forbes

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...

6 weeks ago - Reuters

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...

6 weeks ago - PRNewsWire

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...

6 weeks ago - Reuters

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...

6 weeks ago - CNBC

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 ...

6 weeks ago - PRNewsWire

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...

7 weeks ago - Reuters

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...

7 weeks ago - Seeking Alpha

Universal Music Revenue Beats Forecasts Amid Subscriptions Boost

Universal Music Group posted higher revenue after growth from subscriptions and streaming services exceeded analysts' expectations.

7 weeks ago - WSJ

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...

7 weeks ago - PRNewsWire

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.

2 months ago - Reuters

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.

2 months ago - Reuters

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.

2 months ago - Reuters

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...

2 months ago - PRNewsWire

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...

3 months ago - Seeking Alpha

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.

3 months ago - WSJ

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...

3 months ago - Reuters

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.

3 months ago - PRNewsWire

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...

4 months ago - Investopedia

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.

4 months ago - New York Post

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...

4 months ago - TechCrunch

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 ...

4 months ago - Reuters