UMGNF Stock Recent News

Universal Music Group said on Wednesday that billionaire Bill Ackman-led Pershing Square has exercised its right to request an offering and secondary listing of the record label in the United States.

HILVERSUM, Netherlands , Jan. 15, 2025 /PRNewswire/ -- Further to UMG's statement of 9 November 2024, UMG announced today that Pershing Square (together with certain of its affiliates, "Pershing") has exercised its right under the previously disclosed Registration Rights Agreement between UMG and Pershing to request an offering and secondary listing of UMG in the U.S.  Pershing has waived the 120-day filing requirement and, in line with its contractual obligations, UMG will use commercially reasonable efforts to launch an underwritten offering for the sale of certain shares owned by Pershing by September 15, 2025, subject to regulatory approval and market conditions.  Any actions or decisions of UMG beyond those necessary to comply with its contractual obligations under the Registration Rights Agreement will be determined by the Board of Directors of UMG based on an analysis taking into account what is value maximizing and in the best interests of all the shareholde

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.