Industry Oct 31, 2026

Universal Music Group Q3 Earnings Show Strong YoY Growth

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
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Universal Music Group Q3 Earnings Show Strong YoY Growth

Universal Music Group reported a significant 11.7% year-over-year increase in revenue for the third quarter, generating $3.90 billion. This growth was notably propelled by top-performing artists including Mrs. Green Apple, Olivia Rodrigo, Stray Kids, Ariana Grande, and The Beatles.

The company's Adjusted EBITDA for the quarter was €729 million ($838.7 million), representing a 21.5% margin. While this margin saw a slight decrease 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.