UMGNF Stock Recent News

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 than 10% through 2028.

Universal Music Group (EURONEXT:UMG) has expanded its agreement with Meta Platforms to give new artists and songwriters access to the Facebook owner's social platforms. "UMG was the first major music company to license Facebook back in 2017 and this new agreement will further expand the possibilities for music within the meta ecosystem," said the company in a statement.

UBS is keeping faith with Universal Music Group (EURONEXT:UMG) and reckons the recent slowdown in streaming growth is just temporary. Looking at the disappointing recent update, UBS concludes it is a temporary slowdown in global subscriber growth, as some major platforms feel the consequences of price rises without investment in their product, that will recover.

Universal Music Group shares plummeted 25% after the earnings announcement. Dependence on digital service providers, unexpected divergence from Spotify, and disconnect from artists' interests all contributed to the decline. Lack of transparency from management and an unpredictable business model mandate a downgrade to 'Hold'.

Universal Music Group shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second quarter.

Universal Music Group has strong growth potential, driven by secular tailwinds in the music industry. Recent financial results show solid growth momentum. UMGNF's competitive advantages, including scale and distribution, position it well for long-term success in the industry.

Universal Music Group , the label representing Taylor Swift, BTS and Drake, on Wednesday recorded higher than expected second quarter sales, driven by growth across all segments.

On today's segment of Good Buy or Goodbye, host Julie Hyman is joined by BD8 Capital Partners CEO and CIO Barbara Doran to discuss her top stock pick within the music industry. Doran recommends Universal Music Group (UMG.AS) as a stock to buy.

Universal Music Group (EURONEXT:UMG), Sony Music and Warner Records have sued artificial intelligence-power music generation startups for infringing copyright of various recording artists.  The Recording Industry Association of America said overnight that two lawsuits had been filed against AI companies Suno and Udio for copying and exploiting recorded music without permission.

HILVERSUM, The Netherlands , May 16, 2024 /PRNewswire/ -- Universal Music Group N.V. ("UMG" or "the Company") today announced the results of its Annual General Meeting of Shareholders ("AGM") held earlier today.