Universal Music Group Reports 12.3% Year-over-Year Revenue Growth in Q3
Universal Music Group (UMGNF) announced its third-quarter financial results, reporting total revenue of €3,394 million. This represents a year-over-year increase of 12.3%, or an 11.7% growth rate when adjusted for constant currency fluctuations. The company's profitability remained robust with an Adjusted EBITDA of €729 million. These results come amid market speculation regarding the company's future structure, following reports that management has engaged in discussions with buyout firms concerning a potential move to take the company private.
Topics: EBITDA financial results quarterly earnings revenue growth