Universal Music Group N.V. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026
PR Newswire•29/10/2026•12:45 ET
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Key Highlights
- ➤Q3 revenue €3,394 million, up 12.3% year-over-year
- ➤Q3 subscription revenue grew 19.2% in constant currency
- ➤Q3 Adjusted EBITDA grew 9.0% in constant currency
- ➤Adjusted EBITDA margin excluding Downtown expanded 0.4 percentage points to 22.4%
- ➤Nine-month Merchandising and Other revenue declined 6.2% in constant currency
Expert Statements
Sir Lucian Grainge, Chairman and CEO of Universal Music Group
“Our results show the enduring value of backing extraordinary artists, bold ideas, and the teams and technology that help bring their work to the world.”
Sir Lucian Grainge, Chairman and CEO of Universal Music Group
“The industry is healthy and growing, and we will keep evolving from a position of strength.”
Sir Lucian Grainge, Chairman and CEO of Universal Music Group
“We are investing in human artistry, improving the economics of streaming, and expanding what's possible for artists and fans.”
Sir Lucian Grainge, Chairman and CEO of Universal Music Group
“To support that strategy, we are making UMG faster and more focused so we can operate more efficiently and drive sustained growth and long-term value.”
Matt Ellis, CFO of Universal Music Group
“This quarter showed clear progress: subscription revenue growth accelerated, and Adjusted EBITDA margin excluding Downtown expanded by 40 basis points, led by stronger margins in Recorded Music.”
Matt Ellis, CFO of Universal Music Group
“We are focused on sustaining that progress, capturing the strategic and financial benefits of Downtown, and improving efficiency across the whole company.”
Universal Music Group N.V. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026 PR Newswire
Subscription growth accelerated, core margins expanded, and Downtown broadened UMG's artist and label services capabilities
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