Universal Music Group Q3 Revenue Rises 12.3%, Adjusted EBITDA 9%
Universal Music Group reported third-quarter revenue of €3.39 billion, up 12.3%, and adjusted EBITDA growth of 9%. Subscription growth, physical music sales and its Downtown acquisition contributed.
BRUSSELS (dpa-AFX) - Universal Music Group N.V. (UMG) reported higher third-quarter revenue and adjusted EBITDA, driven largely by strong subscription growth and physical music sales, along with contributions from its Downtown acquisition.Revenue for the quarter increased 12.3% to €3.39 billion fro…