New Deals And MonetizationThe largest driver of improving sentiment has been the new SPOT deal, as the market is pricing in improved monetization and new tiers.
Partnership And MonetizationUMG's CEO described the partnership as precisely what they envisioned with Streaming 2.0, characterized by improved monetization, new tiers, and superfan features.
Subscription Revenue GrowthUMG posted subscription revenue growth of +7.2% Y/Y, which was ahead of Street expectations, despite recent fears of a slowdown.