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Hace 1 día · The world’s biggest music label, Universal Music Group, lost around A$22.95 billion of its value on Thursday after it reported weaker than anticipated streaming and subscription revenue for the ...
Hace 1 día · If you’re in the music business, Taylor Swift is not the problem, everyone agrees. And yet Universal Music Group somehow still can’t make it work. The giant record label with mega-stars including Swift and Lady Gaga reported its second-quarter financials late on Wednesday. The result? A giant sad trombone noise.
Hace 1 día · Universal Music Group . Universal Music Group (UMG) lost as much as 29% on Thursday after reporting a slowdown in its subscription and streaming segment in the second quarter. Despite revealing better than expected revenue, thanks to merchandising, analysts downgraded the company amid concerns over its streaming income.
Hace 1 día · Shares in Universal Music Group, a big holding of Bill Ackman's Pershing Square Capital Management, lost more than a quarter of their value on Thursday on concerns over streaming revenue.
Hace 1 día · UMGNF opened at $30.12 on Thursday. Universal Music Group has a 1 year low of $23.35 and a 1 year high of $32.24. The stock has a fifty day moving average price of $30.55 and a 200 day moving ...
Hace 5 horas · Universal Music Group has posted revenue of €2.93 billion in Q2 2024, up 8.7% year-over-year, driven by growth across all segments, although growth from subscription revenue in Recorded Music has slowed down from double to single digit during the quarter. Adjusted EBITDA was of €649m, up 10% y-o-y.
Hace 1 día · A number of other analysts also recently weighed in on UMGNF. HSBC raised shares of Universal Music Group from a “reduce” rating to a “hold” rating in a report on Monday, May 20th.
