Universal Music Group first-quarter sales beat forecast

ReutersApr 29, 2025 3:51 PM

April 29 (Reuters) - Universal Music Group UMG.AS reported first-quarter sales above market expectations on Tuesday, helped by growth in recorded music and music publishing.

The music label of Taylor Swift, BTS and Drake said its revenues grew by a yearly 11.8% in the quarter ended March to 2.90 billion euros ($3.31 billion), higher than the 2.83 billion in an LSEG analysts consensus forecast.

($1 = 0.8770 euros)

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