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

After spat with TikTok, UMG expands Spotify partnership to include music videos and more

March 28, 2024techcrunch.com

In the wake of Universal Music Group's (UMG) public spat with TikTok, which saw the label pulling its full catalog from the video app earlier this year, the company is doubling down on its deal with Spotify.

Taylor Swift Had A Monster Year, As Did The Music Industry - Global Recorded Music Revenue Grows 10.2% As Streaming Booms

March 27, 2024benzinga.com

The biggest music artist, Taylor Swift, brought in more money this year than most corporations. According to an estimate from Billboard.com, she generated a whopping $1.82 billion in 2023.

Universal Music Group able to mostly recover TikTok revenue losses: analysts

March 21, 2024proactiveinvestors.com

Universal Music Group (EURONEXT:UMG) can mostly recover lost revenue from TikTok by selling additional products and services to the social media platform's competitors, analysts at UBS believe. Since early February, the music group has been making TikTok remove songs...

Universal Music Group and Partners Monetize Music on Roblox

March 18, 2024pymnts.com

Universal Music Group (UMG), Republic Records and Styngr partnered on a solution that helps music labels curate, distribute and monetize music across the Roblox platform. The new solution, Boombox, helps music labels launch playlists and integrate them into the gaming space, the companies said in a Monday (March...

Universal Music CEO doubles down on standoff with TikTok

February 28, 2024fastcompany.com

Universal Music Group's feud with TikTok isn't getting any less intense. In an earnings call Wednesday, CEO Lucian Grainge largely dismissed the platform, saying its impact, both in terms of revenue and fan engagement, was not as significant as some...

Universal Music Group N.V. (UMGNF) Q4 2023 Earnings Call Transcript

February 28, 2024seekingalpha.com

Universal Music Group N.V. (UMGNF) Q4 2023 Earnings Call Transcript

Universal Music Group N.V. Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2023

February 28, 2024prnewswire.com

Summary Q4 2023 Results1 Revenue of €3,208 million increased 9.0% year-over-year, or 15.6% in constant currency, driven by strong growth across all segments. Recorded Music subscription revenue grew 8.9% year-over-year, or 15.0% in constant currency and streaming revenue declined 1.3%...