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Hace 1 día · Streaming and subscriptions makes up about half of Universal’s total revenue. The unit’s revenue rose by 4 per cent in the most recent quarter to €1.5bn. This compares with annual growth of ...
Hace 1 día · All of this was based on a single metric: Streaming revenues. To be clear, streaming revenues are still very much growing at Universal.Most notably, subscription streaming revenues were up 6.9% YoY in Q2 – yet that fell short of analysts’ estimates, which was for around 11% growth. The picture was worse for ad-supported streaming revenue, which actually fell 3.9% YoY in the quarter.
Hace 1 día · However, the major label has raised an alarm about slowing subscriber growth at some of the biggest global streaming services. UMG’s Q2 numbers showed revenues up 8.7% year-on-year to €2.93bn ($3.18bn at current exchange rates) with recorded-music revenues up 5.8% and publishing up 10.1%.
Hace 1 día · Shares of Netherlands-based Universal Music Group ( UMG.AS ), which represents A-list artists like Taylor Swift, Drake, Justin Bieber, and Adele, dropped more than 20% in afternoon trading on ...
Hace 1 día · BY THE NUMBERS. Universal recorded subscription revenue of 1.137 billion euros for the second quarter, below Visible Value consensus of 1.179 billion euros. Streaming revenues came in below ...
Hace 1 día · Universal Music Group lost roughly $16.38 billion in market value after the record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming ...
Hace 14 horas · Universal Music Group NV’s shares fell as much as 30%, the biggest decline since the company’s initial public offering, after its subscription and streaming revenue growth disappointed investors.
