Industry Oct 31, 2026
Universal Music Group generated $3.90B in Q3, up 11.7% YoY
Adjusted EBITDA came in at €729 million ($838.7m), a margin of 21.5%, down from 22.0% in Q3 2025 but up on the 20.5% margin it posted in the prior quarter (Q2 2026) Source
Originally published by
Music Business Worldwide
Universal Music Group reported third-quarter revenue of $3.90 billion, an 11.7% increase year-over-year. This growth was reportedly driven by contributions from artists including Mrs. Green Apple, Olivia Rodrigo, Stray Kids, Ariana Grande, and The Beatles. The company's Adjusted EBITDA was €729 million ($838.7 million), with a margin of 21.5%.
While the EBITDA margin decreased slightly from 22.0% in Q3 2025, it improved from the 20.5% margin recorded in the second quarter of 2026. Originally reported by Music Business Worldwide.