UMGNF / Universal Music shares down 6% as streaming sales edge lower

Universal Music Group N.V. (OTCPK:UMGNF) Q3 2023 Earnings Conference Call October 26, 2023 12:15 PM ET Company Participants Lucian Grainge - Chairman more_horizontal

Universal Music Group (UMG) is seeing increased revenue from paid subscription platforms amid decreases from free, ad-supported streaming services, su more_horizontal

Universal Music Group generated revenue of €2.75 billion in the third quarter, a 3.3% increase compared to the same period last year despite a slide more_horizontal

The top sellers for the quarter included Swift, Seventeen, Morgan Wallen, Olivia Rodrigo and King & Prince. more_horizontal

Universal Music Group , the label representing Taylor Swift, said on Wednesday it has partnered with digital music firm BandLab Technologies to help p more_horizontal

HILVERSUM, The Netherlands , Oct. 2, 2023 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG) announced today that it will release its financia more_horizontal

Universal Music Group is one of the major music entertainment companies with iconic record labels and operates in three segments: Recorded Music, Musi more_horizontal

I recommended a buy due to its favorable position in the growing music subscription services market. Recent strong performance in 2Q23 demonstrates UM more_horizontal