Industry Apr 29, 2026
Universal Music Group's Quarterly Earnings and Stock Moves
UMG's board approved plans to double its share buyback program to 1 billion euros ($1.16 billion) and sell half of UMG's stake in Spotify.
Originally published by
Billboard
Universal Music Group reported quarterly revenues totaling $3.3 billion, despite a less active release schedule. The company's board has authorized a doubling of its share buyback program, now valued at 1 billion euros, and plans to divest half of its stake in Spotify. Originally reported by Billboard.