Universal Music Group N.V. ( (UMGNF) ) has released its Q2 earnings. Here is a breakdown of the information Universal Music Group N.V. presented to its investors.
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Universal Music Group N.V. (UMG) is a leading global music-based entertainment company, engaged in recorded music, music publishing, merchandising, and audiovisual content. The company is known for its comprehensive catalogue of recordings and songs across various musical genres.
In its latest earnings report for the second quarter and first half of 2025, Universal Music Group N.V. reported a steady increase in revenue and profitability. The company achieved a 1.6% year-over-year revenue growth in Q2 2025, reaching €2,980 million, and a 6.4% increase in H1 2025, driven by strong performances in the Recorded Music and Music Publishing segments.
Key financial highlights include a 4.2% year-over-year increase in Adjusted EBITDA for Q2 2025, reaching €676 million, and a 7.7% rise for H1 2025. Recorded Music subscription revenue grew by 5.3% in Q2 and 8.4% in H1, while Music Publishing revenue saw an 11.5% increase in Q2 and 11.6% in H1. However, Merchandising and Other revenue faced declines, with a 15.4% drop in Q2 and 10.6% in H1.
Despite challenges in the merchandising segment, UMG’s strategic focus on revenue growth and cost management has resulted in improved profitability. The company declared an interim dividend of €440 million, reflecting its commitment to shareholder returns.
Looking ahead, Universal Music Group remains optimistic about its growth trajectory, with plans to continue investing in long-term value creation and attractive returns. The company’s diverse business model and strategic initiatives position it well for future success in the evolving music industry.

