Universal Music Group (UMG) Price & Analysis

Compare

4 Followers

UMG Stock Chart & Stats

Day’s Range― - ―

52-Week Range€20.38 - €29.19

Previous CloseN/A

Volume1.66M

Average Volume (3M)1.85M

Market Cap

$44.13B

Enterprise ValueN/A

Total Cash (Recent Filing)N/A

Total Debt (Recent Filing)N/A

Price to Earnings (P/E)16.9

Beta0.75

Next Earnings

Oct 23, 2025

EPS Estimate

0.21

Last Dividend Ex-Date

May 21, 2025

Dividend Yield2.16%

Share Statistics

EPS (TTM)0.32

Shares Outstanding1,834,099,900

10 Day Avg. Volume1,939,841

30 Day Avg. Volume1,854,319

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)0.00

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

$30.82

Price Target Upside28.08% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering8

Bulls Say, Bears Say

Bulls Say

Strategic Deals And PartnershipsThe new SPOT and AMZN deals should drive accelerated revenue growth in late '25 / early '26, with Superfan tiers as a potential upside driver.

Subscription Revenue GrowthUMG posted subscription revenue growth of +7.2% year-over-year, which was ahead of Street expectations, despite recent fears of a slowdown.

Bears Say

Ad-supported Revenue ChallengesAd-supported streaming revenues remained flat year-on-year, falling short of expectations due to monetization challenges.

Streaming PerformanceStreaming performance was weaker than expected, which the company anticipates will continue.

Universal Music Group News

Universal Music Group price target lowered to EUR 39 from EUR 40 at JPMorgan

JPMorgan analyst Daniel Kerven lowered the firm’s price target on Universal Music Group (UMGNF) to EUR 39 from...

2d ago

Universal Music Group price target lowered to EUR 33 at Deutsche Bank

Deutsche Bank analyst Silvia Cuneo lowered the firm’s price target on Universal Music Group (UMGNF) to EUR 33...

2d ago

Universal Music Group’s Earnings Call Highlights Strong Growth

Universal Music Group N.V. (($NL:UMG)) has held its Q2 earnings call. Read on for the main highlights of...

1d ago

Universal Music Group Reports Strong 2025 Earnings Growth

Universal Music Group N.V. ( ($UMGNF) ) has released its Q2 earnings. Here is a breakdown of the...

2d ago

Universal Music Group downgraded to Neutral from Buy at UBS

UBS downgraded Universal Music Group (UMGNF) to Neutral from Buy with an unchanged price target of EUR 30....

1M ago

EU to decide on Universal-Downtown transaction by July 22, Reuters reports

EU antitrust regulators intend to rule by July 22 whether to approve Universal Music Group’s (UMGNF) proposed $775M...

2M ago

Universal Music Group price target lowered to EUR 40 from EUR 41 at JPMorgan

JPMorgan analyst Daniel Kerven lowered the firm’s price target on Universal Music Group (UMGNF) to EUR 40 from...

2M ago

Coca-Cola Partners With Universal Music to Debut Real Thing Records

Coca-Cola has launched a new music label in collaboration with Universal Music Group. ...

2M ago

KDP

Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories

TipRanks is home to all of the biggest stock market stories that traders need to know about on Thursday. ...

2M ago

AI Royalties Are Reshaping Music: SONY, WMG, and UMG Could Unlock Billions for Investors

The times, it seems, they are a-changin’. Again. Less than a year after suing AI startups Suno and...

2M ago

WMG

AAPL

UMG, Sony Music in talks to license music to Udio, Suno, Bloomberg reports

Universal Music (UMGNF), Warner Music, and Sony Music (SONY) are in talks to license their work to AI...

2M ago

SONY

Universal Music Stock Sinks as Bill Ackman Abruptly Quits Board

Universal Music Group (NL:UMG) ($UMGNF) shares took a sharp hit Wednesday after billionaire hedge fund boss Bill Ackman...

3M ago

UMG

Pershing Square’s Bill Ackman resigns from board of Universal Music Group

Pershing Square Holdings (PSHZF) notes that Bill Ackman, CEO of PSH’s Investment Manager Pershing Square Capital Management, L.P....

3M ago

HHH

‘Don’t Let Big Tech Steal Our Work’ – 400 UK Artists Sound the Alarm Over AI Copyright Pinch

“You say you want a revolution…”That iconic line from Paul McCartney and John Lennon feels freshly resonant today,...

3M ago

TME

WMG

UMG FAQ

What was Universal Music Group’s price range in the past 12 months?

Universal Music Group lowest stock price was €20.38 and its highest was €29.19 in the past 12 months.

What is Universal Music Group’s market cap?

Universal Music Group’s market cap is $44.13B.

When is Universal Music Group’s upcoming earnings report date?

Universal Music Group’s upcoming earnings report date is Oct 23, 2025 which is in 81 days.

How were Universal Music Group’s earnings last quarter?

Universal Music Group released its earnings results on Jul 31, 2025. The company reported €0.318 earnings per share for the quarter, beating the consensus estimate of €0.193 by €0.125.

Is Universal Music Group overvalued?

According to Wall Street analysts Universal Music Group’s price is currently Undervalued. Get more investment ideas with TipRanks Premium

Does Universal Music Group pay dividends?

Universal Music Group pays a Semiannually dividend of €0.28 which represents an annual dividend yield of 2.16%. See more information on Universal Music Group dividends here

What is Universal Music Group’s EPS estimate?

Universal Music Group’s EPS estimate is 0.21.

How many shares outstanding does Universal Music Group have?

Universal Music Group has 1,834,099,900 shares outstanding.

What happened to Universal Music Group’s price movement after its last earnings report?

Universal Music Group reported an EPS of €0.318 in its last earnings report, beating expectations of €0.193. Following the earnings report the stock price went down -5.201%.

Which hedge fund is a major shareholder of Universal Music Group?

Currently, no hedge funds are holding shares in NL:UMG

Company Description

Universal Music Group

Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations. The Music Publishing segment discovers and develops songwriters, as well as owns and administers the copyright for musical compositions used in recordings, public performances, and related uses, such as films and advertisements. The Merchandising & Other segment produces and sells artist and other branded products through various sales channels, including fashion retail, concert touring, and internet, as well as offers brand rights management services. The company has approximately 3 million recordings, 4 million owned and administered titles, and 250 artists/brands, as well as owns approximately 50 labels covering various music genres. The company was incorporated in 2020 and is headquartered in Hilversum, the Netherlands.

Universal Music Group (UMG) Earnings & Revenues

NL:UMG Earnings Data >

UMG Company Deck

UMG Earnings Call

Q2 2025

0:00 / 0:00

Earnings Call Sentiment|Positive

The earnings call highlighted strong financial performance and significant achievements in artist success and international growth. However, challenges in merchandising and the monetization of short-form content were notable lowlights. Despite these challenges, the positive aspects significantly outweighed the negatives, especially with the strategic advancements in AI and cost-saving measures.Read More>

UMG Stock 12 Month Forecast

Average Price Target

€30.82

▲(28.08%Upside)

{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"20":"€20","25":"€25","30":"€30","35":"€35","40":"€40"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":39.56154162245883,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">€39.56</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":30.8164254378,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">€30.82</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":25.35996257849925,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">€25.36</span>\n  </div></div>","useHTML":true}}],"tickPositions":[20,25,30,35,40],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"Nov<br/>2024","6":"Feb<br/>2025","9":"May<br/>2025","12":"Aug<br/>2025","25":"Aug<br/>2026"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,24.06,25.252426278650677,26.44485255730136,27.63727883595204,28.829705114602717,30.022131393253396,31.214557671904075,32.40698395055476,33.59941022920543,34.79183650785612,35.9842627865068,37.176689065157476,38.369115343808154,{"y":39.56154162245883,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,24.06,24.579725033676922,25.099450067353846,25.61917510103077,26.13890013470769,26.658625168384614,27.178350202061537,27.69807523573846,28.217800269415385,28.737525303092305,29.257250336769232,29.776975370446152,30.296700404123076,{"y":30.8164254378,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,24.06,24.159997121423018,24.259994242846037,24.359991364269057,24.459988485692076,24.559985607115095,24.659982728538115,24.759979849961134,24.859976971384153,24.959974092807172,25.059971214230192,25.15996833565321,25.25996545707623,{"y":25.35996257849925,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":21.094,"date":1722470400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":23.171,"date":1725148800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 16,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":23.073,"date":1727740800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 10,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":23.212,"date":1730419200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 9, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":22.895,"date":1733011200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 7,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":24.469,"date":1735689600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 10,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":26.666,"date":1738368000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 9,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 6, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":26.577,"date":1740787200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 9, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":24.944,"date":1743465600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 9,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 11, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":25.587,"date":1746057600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 8,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 10, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":27.66,"date":1748736000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 5,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 7, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":26.73,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 10,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 5, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":24.06,"date":1754006400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 11,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 4, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}

Detailed Analyst Forecast >