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.

Company Guidance -

Q3 2025

During Universal Music Group's second quarter and first half 2025 earnings call, management provided guidance highlighting a robust financial performance. Revenue for the first half of 2025 increased by 7%, and adjusted EBITDA rose 8.5%, with margins expanding by 30 basis points to 22.7%. In the second quarter alone, revenue grew by 4.5%, while adjusted EBITDA saw a 7.3% increase, expanding margins by 60 basis points. The company anticipates continued high single-digit growth in subscription revenue, underpinned by strategic Streaming 2.0 partnerships. Despite challenges in physical and merchandising revenue, UMG is optimistic about future opportunities, including AI integration and super premium tiers, aiming for long-term strategic growth and efficiencies.

Strong Financial Performance

For the first half of the year, UMG's revenue increased by 7% and adjusted EBITDA grew by 8.5%.

Record Artist Success

UMG had 8 of the top 10 best-selling albums in the U.S. and all of the top 6 most streamed tracks, including artists like Morgan Wallen, Kendrick Lamar, and Lady Gaga.

International Growth

Significant international success with artists in Japan, the UK, and Germany, including Mrs. GREEN APPLE being the first JPop act to exceed 10 billion total streams in Japan.

AI and Health & Wellness Initiatives

UMG's partnership with Apple on Sound Therapy and the development of proprietary AI technologies to enhance music consumption experiences.

Successful Cost-Saving Measures

EUR 125 million in cost savings achieved from Phase 1 of strategic redesign, with Phase 2 on track for additional savings.

Universal Music Group (NL:UMG) Earnings, Revenues Date & History

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NL:UMG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.21 / -	0.219	―	―	―
Jul 31, 2025	2025 (Q2)	0.19 / 0.32	0.146	117.81% (+0.17)
Apr 29, 2025	2025 (Q1)	0.22 / 0.23	0.25	-8.00% (-0.02)	―
Mar 06, 2025	2024 (Q4)	0.21 / 0.36	0.18	101.11% (+0.18)
Oct 31, 2024	2024 (Q3)	0.22 / 0.22	0.201	8.96% (+0.02)	―
Jul 24, 2024	2024 (Q2)	0.19 / 0.15	0.21	-30.48% (-0.06)
May 02, 2024	2024 (Q1)	0.21 / 0.25	0.19	31.58% (+0.06)	―
Feb 28, 2024	2023 (Q4)	0.25 / 0.18	0.128	40.62% (+0.05)
Oct 26, 2023	2023 (Q3)	0.20 / 0.20	0.19	5.79% (+0.01)	―
Jul 26, 2023	2023 (Q2)	0.16 / 0.21	0.07	200.00% (+0.14)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

NL:UMG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	€25.46	€25.38	-0.31%
Apr 29, 2025	€24.78	€24.76	-0.08%
Mar 06, 2025	€25.56	€25.72	+0.62%
Oct 31, 2024	€23.17	€22.84	-1.41%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.