Quantcast

UMG POSTS $2B Q1; IPO IN THE FALL?

Universal Music Group’s revenues grew 9.4% at constant currency in the first quarter of 2021 to €1.81b ($2.17b).

Recorded music revenues grew by 10.8% at constant currency and perimeter thanks to the growth in subscription and streaming revenues (+19.6%). Physical sales were up 14.8% compared to the first quarter of 2020.

Subscriptions and streaming revenues surpassed €1b, a 19.6% spike over 2020. Olivia Rodrigo’s “drivers license” and Justin Bieber’s “Peaches” were singled out as particulalry strong streamers.

Music publishing revenues grew by 6.9% at constant currency and perimeter compared to the first quarter of 2020, driven by increased subscription and streaming revenues.

Parent company Vivendi has moved up its plan to spin off a chunk of UMG, eyeing the fall instead of early 2022. Shareholders will get their chance on 6/22 to weigh in on an exceptional distribution of Universal Music shares.

UMG'S $4.5 BILLION
FIRST-HALF HAUL
The rich get richer. (7/30a)
SPOTIFY TOPS 165M
PREMIUM SUBS (UPDATE)
The dominant platform keeps growing. (7/29a)
A KID-FRIENDLY TOP 20
Thunder from Down Under (7/29a)
NYC HOMECOMING CONCERT SETS LINEUP
A day in the park (7/28a)
JAZMINE SULLIVAN ON THE POWER OF R&B
Perpetuating a grand tradition (7/28a)
NEW & DEVELOPING ARTISTS
From tender shoots to mighty oaks.
MARKETSHARE MANIA
Let's do the numbers.
DELTA VARIANT
It is not the name of a Henry Miller novel.
IS IT TIME FOR ANOTHER ROCK STORY?
Could be. Dunno.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)