Overall, the earnings call highlighted UMG's strong financial performance and global artist successes, along with strategic innovations and growth in subscription revenue. However, challenges remain in the areas of physical sales and merchandising profitability.

Company Guidance

During Universal Music Group's second quarter earnings call for 2025, the company reported robust financial results, with a 7% increase in revenue and an 8.5% rise in adjusted EBITDA for the first half of the year. The adjusted EBITDA margin expanded by 60 basis points to 22.7% in the second quarter. The company's recorded music segment saw a 7% revenue growth for the half year, with subscription revenue rising by 8.9%, driven primarily by an increase in subscribers and some price hikes. Music publishing revenue grew by 12.1%, although this was slightly offset by a 90 basis point margin contraction. The call also highlighted significant achievements in streaming, with UMG outperforming its peers, and discussed the strategic evolution of the company, including its advancements in AI and health and wellness initiatives. Despite a decline in physical and merchandising revenues, the company is optimistic about its long-term strategy and ongoing cost-saving measures, which are on track to deliver EUR 250 million in run rate cost savings by the end of 2026.

Strong Financial Performance

UMG reported a 7% increase in revenue and an 8.5% increase in adjusted EBITDA for the first half of 2025. Adjusted EBITDA margin expanded by 60 basis points to 22.7%.

Artist and Songwriter Successes

UMG had 8 of the top 10 best-selling albums in the U.S. and top 6 of the biggest selling album debuts including artists like Morgan Wallen, Drake, and Lady Gaga. The company also had the top 6 most streamed tracks in the first half of the year.

Global Achievements

UMG achieved significant successes across various international markets, including Japan, the UK, Germany, and China, with multiple top charting albums and singles.

Innovations in Health and Wellness

UMG launched Sound Therapy in collaboration with Apple, using proprietary technologies to enhance listening experiences for relaxation and focus.

Advancements in AI and Technology

UMG has filed 15 patents in various fields including AI threat protection and music administration, and partnered with Liquidax Capital to accelerate product introductions.

Subscription and Streaming Growth

UMG's subscription revenue grew 8.5% in the quarter, supported by growth in established markets and double-digit growth in markets like Mexico and Brazil.

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 / 0.48	0.146	228.77% (+0.33)
Apr 29, 2025	2025 (Q1)	0.22 / 0.23	0.25	-7.60% (-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.