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Universal Music Group/€UMG

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About Universal Music Group

Universal Music Group is a prominent player in the music entertainment industry, specializing in music production, publishing, and licensing. The company manages an extensive catalog of recordings and songs across various genres, working with a wide array of artists globally. Originating from the merger of several historic music companies, it holds a rich legacy in the industry. Headquartered in Hilversum, Netherlands, Universal Music Group operates internationally, leveraging its extensive reach to sustain its global presence. Its unique strategic advantage lies in its comprehensive portfolio of artists and its ability to adapt to digital advancements in music consumption.
Ticker
€UMG
Primary listing
AEX
Employees
9,636

UMG Metrics

BasicAdvanced
€29B
97.13
€0.18
0.80
€0.52
3.04%

What the Analysts think about UMG

Analyst ratings (Buy, Hold, Sell) for Universal Music Group stock.
Analyst projections of the future price of Universal Music Group stock.

Bulls say / Bears say

Recorded Music subscription revenue grew 9.5% at constant currency excluding Downtown in Q3, ahead of analysts’ 8.2% expectation. Price rises and subscriber growth helped, and the rate accelerated from the first half. (Reuters)
Q3 Adjusted EBITDA rose 7% at constant currency excluding Downtown, while the comparable margin expanded 0.4 percentage points to 22.4%. That suggests efficiency measures are beginning to support profitability alongside growth. (Universal Music Group)
Growth is not confined to streaming: physical revenue rose 17.4% in Q3, with strength across North America, Japan and Europe and in both new releases and catalogue. This gives UMG another source of sales as listening formats evolve. (Universal Music Group)
The Q3 headline revenue increase of 11.7% at constant currency included Downtown; excluding the acquisition, growth was 5.3%. The gap shows that reported growth currently overstates the pace of UMG’s underlying expansion. (Universal Music Group)
Across the first nine months, Adjusted EBITDA grew only 3.5% at constant currency excluding Downtown, and the comparable margin fell 0.4 percentage points. Higher overheads and a loss in Merchandising weighed on performance, despite Q3’s improvement. (Universal Music Group)
A musicians’ union sued UMG and Warner, alleging musicians were left out of compensation from AI-related settlements and licensing deals. The unresolved dispute could bring legal costs and strain relationships with artists and performers. (Los Angeles Times)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.

UMG Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

UMG Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing UMG

AllEURUSDGBP
Funds
Fund name
Fund size
€UMG weighting
iShares STOXX Europe 600 Media€EXH6
€17M15.94%
iShares AEX€IAEX
€781M1.73%
iShares AEX£IAEX
€781M1.73%
iShares MSCI Europe SRI£IESG
€3.2B0.55%
iShares MSCI Europe SRI€IESE
€3.2B0.55%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.