Overview

• Universal Music Group posted €2.98 billion in Q2 revenue, marking a 1.6 percent year-over-year increase.
• First-half revenue climbed 6.4 percent to €5.88 billion, delivering €947 million in operating profit.
• Streaming and subscription income grew 5.1 percent while publishing revenues rose 11.5 percent.
• Physical music sales fell 13 percent to €310 million as consumer spending shifts further to digital formats.
• The company has filed for a U.S. stock listing and remains confident its Downtown Music acquisition will clear European Commission review by year-end.