Industry Apr 29, 2026
Universal Music Revenue Flat Amid Light Release Schedule; Expands Buyback Program
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 (UMG) reported flat quarterly revenue totaling $3.3 billion, a result of a lighter release schedule. The company's board has authorized an increase in its share buyback program, doubling it to 1 billion euros ($1.16 billion).
Additionally, UMG plans to divest half of its stake in Spotify. Originally reported by Billboard.