Universal Music Group N.V. (UMGNF) Income Statement Analysis

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Complete financial analysis of Universal Music Group N.V. (UMGNF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Universal Music Group N.V., a leading company in the Entertainment industry within the Communication Services sector.

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Universal Music Group N.V. (UMGNF)

Industry: Entertainment

Sector: Communication Services

Website: https://www.universalmusic.com

About Universal Music Group N.V.

Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations. The Music Publishing segment discovers and develops songwriters, as well as owns and administers the copyright for musical compositions used in recordings, public performances, and related uses, such as films and advertisements. The Merchandising & Other segment produces and sells artist and other branded products through various sales channels, including fashion retail, concert touring, and internet, as well as offers brand rights management services. The company has approximately 3 million recordings, 4 million owned and administered titles, and 250 artists/brands, as well as owns approximately 50 labels covering various music genres. The company was incorporated in 2020 and is headquartered in Hilversum, the Netherlands.

Metric	2023	2022	2021	2020	2019	2018
Revenue	11.11B	10.34B	8.50B	7.43B	7.16B	6.02B
Cost of Revenue	6.21B	5.75B	4.61B	3.92B	3.82B	3.11B
Gross Profit	4.90B	4.59B	3.90B	3.52B	3.34B	2.91B
Gross Profit Ratio	44.11%	44.36%	45.81%	47.30%	46.67%	48.36%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	1.06B	2.70B	2.50B	2.27B	2.28B	2.06B
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.06B	2.70B	2.50B	2.27B	2.28B	2.06B
Other Expenses	2.42B	0.00	0.00	0.00	0.00	0.00
Operating Expenses	3.48B	2.99B	2.50B	2.27B	2.28B	2.06B
Cost & Expenses	9.69B	8.74B	7.11B	6.18B	6.09B	5.17B
Interest Income	2.00M	20.00M	6.00M	5.00M	14.00M	45.00M
Interest Expense	113.00M	68.00M	43.00M	44.00M	27.00M	26.00M
Depreciation & Amortization	382.00M	378.00M	278.00M	237.00M	202.00M	126.00M
EBITDA	2.22B	1.99B	1.64B	1.49B	1.27B	1.02B
EBITDA Ratio	19.95%	19.21%	19.80%	20.05%	17.74%	16.97%
Operating Income	1.42B	1.60B	1.41B	1.25B	1.07B	896.00M
Operating Income Ratio	12.77%	15.47%	16.55%	16.87%	14.92%	14.88%
Total Other Income/Expenses	303.00M	-700.00M	-229.00M	551.00M	108.00M	257.00M
Income Before Tax	1.72B	900.00M	1.17B	1.78B	1.17B	1.15B
Income Before Tax Ratio	15.49%	8.70%	13.70%	23.96%	16.34%	19.14%
Income Tax Expense	458.00M	115.00M	277.00M	412.00M	195.00M	251.00M
Net Income	1.26B	782.00M	886.00M	1.37B	972.00M	897.00M
Net Income Ratio	11.33%	7.56%	10.42%	18.38%	13.58%	14.89%
EPS	0.68	0.43	0.49	0.75	0.36	0.49
EPS Diluted	0.68	0.43	0.49	0.75	0.36	0.49
Weighted Avg Shares Out	1.85B	1.81B	1.81B	1.81B	2.70B	1.81B
Weighted Avg Shares Out (Dil)	1.84B	1.82B	1.81B	1.81B	2.70B	1.81B

Google and Universal Music working on licensing voices for AI-generated songs

August 9, 2023theguardian.com

Early stage talks are expected to include a potential tool that fans could use to make AI-generated songs

Google And Universal Music Group Negotiating AI-Generated Music Tool, Report Says

August 8, 2023forbes.com

Users would be able to create deepfakes legitimately, sources told the Financial Times.

Google, Universal Music in talks for deal on AI 'deepfakes' - FT

August 8, 2023reuters.com

Alphabet's Google and Universal Music are in talks to license artists' voices and melodies for artificial intelligence-generated songs, Financial Times reported on Tuesday, citing four people familiar with the matter.

Universal Music Group N.V. (UMGNF) Q2 2023 Earnings Call Transcript

July 29, 2023seekingalpha.com

Universal Music Group N.V. (OTCPK:UMGNF) Q2 2023 Earnings Conference Call July 26, 2023 12:15 PM ET Company Participants Lucian Grainge - Chairman and CEO Boyd Muir - EVP, CFO and President of Operations Michael Nash - EVP and Chief Digital...

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July 10, 2023barrons.com

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Queen rights purchase risky for Universal Music Group – broker

May 31, 2023proactiveinvestors.co.uk

Universal Music Group's reported bid for Queen's recorded back catalogue could be a risky investment given anticipated high costs, according to Citi Group analysts. According to CNN sources, Disney Music Group is in talks with UMG for rights to Freddie...

Universal Music Group: Well-Positioned For A Considerable Upside

May 22, 2023seekingalpha.com

Universal Music Group stock is down 15% in the last month below the IPO price. Demand for music hit an all-time high in 2022.

Universal Music Group to turn up its revenue on sound first quarter: PREVIEW

April 21, 2023proactiveinvestors.com

Universal Music Group is expected to report double-digit revenue growth year-over-year thanks to another strong quarter of music releases when it posts its latest earnings report after the close of the Euronext market on April 26, 2023. Analysts at Deutsche...

Universal Music Group calls AI music a 'fraud,' wants it banned from streaming platforms. Experts say it's not that easy

April 18, 2023cnn.com

Universal Music Group — the music company representing superstars including Sting, The Weeknd, Nicki Minaj and Ariana Grande — has a new Goliath to contend with: artificial intelligence.