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Universal Music Group Reports Financial Results for Q4 2024

On March 6, 2025, Universal Music Group N.V. (UMG) released its financial performance results for the fourth quarter and the full year ending December 31, 2024. The company celebrated a significant revenue increase driven by robust growth across all segments, reflecting the strength of its diverse artist roster and strategic investments.

Q4 2024 Performance Highlights

UMG reported revenues of €3,439 million for Q4 2024, marking a 7.2% rise year-over-year, or 7.9% in constant currency. This growth can be attributed to substantial gains in recorded music subscriptions and music publishing, despite a slight decline in streaming revenue. Notably, subscription revenue saw a year-over-year increase of 7.9%, while streaming revenue experienced a decline of 5.1%.

The adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached €799 million, up 18.0% from the previous year, resulting in an adjusted EBITDA margin increase to 23.2%. This positive trend illustrates UMG's ability to maintain operational efficiency and sustain profitability amidst a dynamic market environment.

Top artists contributing to this quarter's success included Taylor Swift, Billie Eilish, and newcomer Sabrina Carpenter, among others. UMG's strategic initiatives, such as investing in local repertoire and expanding in emerging markets like Nigeria and Thailand, have bolstered their global footprint.

Full-Year Performance Overview

For the entirety of 2024, UMG’s revenue climbed to €11,834 million, representing a 6.5% increase compared to 2023. The growth journey was further complemented by recorded music subscription revenue rising by 8.2%. However, the overall streaming revenue remained nearly flat, indicating a slight shift in consumer consumption patterns.

The net profit attributable to the parent company's equity holders surged by 65.7%, reaching €2,086 million, driven by decreased expenses and increased operational efficiency. This impressive growth translated into a basic earnings per share of €1.14, highlighting the strong return on investment for shareholders.

Strategic Investments and Initiatives

During 2024, UMG focused on artist investment as a cornerstone of its strategy. The company acquired the remaining stake in PIAS and made significant new partnerships worldwide. Additionally, UMG is advancing its Responsible AI initiatives alongside collaborations that promise to innovate the music creation process, as seen with the recent release of a new Beatles track.

The introduction of 'Streaming 2.0' aims to enhance consumer engagement and improve monetization strategies across various platforms. This forward-thinking approach reflects UMG’s commitment to evolving with industry trends while maintaining a strong focus on their artists and content creators.

In conclusion, Universal Music Group's Q4 and full-year results for 2024 reflect the company's robust financial health and innovative strategies that promise continued growth in the music industry. As they navigate the ever-changing landscape of digital entertainment, UMG remains dedicated to fostering artistry and creating value for its artists and shareholders alike.