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Universal Music Group (UMGNF)
OTHER OTC:UMGNF
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.19Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2022
|% Change Since: -0.28%
|Next Earnings Date:Oct 27, 2021
Earnings Call Sentiment|Neutral
UMG demonstrated strong revenue growth and strategic expansion through acquisitions and partnerships. The company is committed to evolving the streaming model and enhancing artist engagement. However, challenges in ad-supported streaming and subscription revenue, along with significant restructuring costs, present notable concerns.Company Guidance
During Universal Music Group's Q3 2024 earnings call, the company provided detailed guidance, highlighting several key metrics. UMG reported a 5% year-over-year revenue growth to EUR 2.87 billion, which increased to 7% when excluding the prior year's CRB accrual. Adjusted EBITDA grew by 8% to EUR 621 million, or 10% excluding the CRB adjustment, with an expanded margin of 21.6%. Recorded music revenue rose by 6%, with a notable 8.2% growth in subscription revenue. Despite challenges in the ad-supported streaming segment, UMG maintained a positive outlook, expecting mid- to long-term growth driven by digital migration and advertising economies. The company also emphasized its strategic initiatives, including its artist-centric approach and Streaming 2.0, aiming for an 8% to 10% CAGR in subscription growth through 2028. Additionally, UMG is focusing on operational efficiencies, expecting EUR 250 million in savings by the end of 2026 through its organizational realignment plan.Solid Revenue and EBITDA Growth
UMG reported a revenue of EUR 2.87 billion for Q3, indicating a 5% year-over-year growth, and adjusted EBITDA of EUR 621 million, a growth of 8%.
Strategic Acquisitions and Partnerships
UMG expanded its reach with acquisitions in Belgium, the U.K., India, Thailand, Latin America, and China, including the completion of the PS KLAY acquisition and the purchase of Outdustry.
Strong Artist Performance
Sabrina Carpenter, Post Malone, Lady Gaga, and Bruno Mars achieved significant chart success internationally, with notable streaming and sales records.
Focus on Streaming 2.0 and Artist-Centric Strategy
UMG is actively developing its Streaming 2.0 initiative, focusing on premium tiers and artist-centric models to enhance monetization and consumer engagement.
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UMGNF Earnings History
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
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UMGNF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $25.12 | $25.16 | +0.16% |
| Jul 24, 2024 | $30.60 | $30.12 | -1.57% |
| May 02, 2024 | $29.60 | $29.62 | +0.07% |
| Feb 28, 2024 | $28.62 | $28.97 | +1.22% |
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.
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FAQ
When does Universal Music Group (UMGNF) report earnings?
Universal Music Group (UMGNF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Universal Music Group (UMGNF) earnings time?
Universal Music Group (UMGNF) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UMGNF EPS forecast?
UMGNF EPS forecast for the fiscal quarter 2024 (Q4) is 0.3.
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