Universal Music Group N.v. · EURONEXT:UMG
Universal Music — Q3 2026 Earnings Presentation
10 slides from Universal Music's earnings presentation, Oct 29, 2026
Slide 1: Third Quarter Ended September 30, 2026
Universal Music Group Third Quarter Ended September 30, 2026
Slide 2: Important Information
Universal Music Group Important Information Presentation The financial information included in this presentation is unaudited. Alternative Performance Indicators This presentation includes certain alternative performance indicators which are not defined in IFRS Accounting Standards issued by the Int
Slide 3: Matt Ellis, Chief Financial Officer
Universal Music Group Matt Ellis Chief Financial Officer Universal Music Group
Slide 4: 3Q26 Consolidated Results
Universal Music Group 3Q26 Consolidated Results REVENUE ADJUSTED EBITDA ADJUSTED EBITDA MARGIN +11.7% +5.3%* +9.0% +7.0%* -0.5pp +0.4pp* € 3,394 € 729 22.0% 21.5% € 3,021 € 664 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency. Adjusted
Slide 5: 3Q26 Recorded Music Results
Universal Music Group 3Q26 Recorded Music Results REVENUE ADJUSTED EBITDA ADJUSTED EBITDA MARGIN +14.7% +7.4%* +14.9% +12.7%* +0.1pp +1.2pp* € 640 24.9% 25.0% € 553 € 2,559 € 2,223 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency. Adjus
Slide 6: 3Q26 Recorded Music Revenue
Universal Music Group 3Q26 Recorded Music Revenue RECORDED MUSIC REVENUE BREAKDOWN 3Q25 3Q26 +19.2% +13.5% -15.4% +17.4% +0.3% +9.5%* +4.7%* -30.8%* +17.4%* -2.8%* € 1,422 € 387 € 392 € 325 € 33 Subscription Streaming Downloads & Physical License & Other Other Digital Note: € in Millions; All growth
Slide 7: 3Q26 Music Publishing Results
Universal Music Group 3Q26 Music Publishing Results REVENUE ADJUSTED EBITDA ADJUSTED EBITDA MARGIN +7.5% +1.5%* -3.5% -4.3%* -2.7pp -1.5pp* 25.8% € 140 € 136 23.1% € 590 € 543 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency. Adjusted E
Slide 8: 3Q26 Merchandising & Other Results
Universal Music Group 3Q26 Merchandising & Other Results REVENUE ADJUSTED EBITDA ADJUSTED EBITDA MARGIN -4.6% -15.4% -0.6pp € 259 € 248 € 13 5.0% € 11 4.4% 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency.
Slide 9: Matt Ellis, Chief Financial Officer
Universal Music Group Matt Ellis Chief Financial Officer Universal Music Group
Slide 10: Q&A
Q&A Sir Lucian Grainge Chairman & Chief Executive Officer Matt Ellis Chief Financial Officer Boyd Muir Chief Operating Officer Michael Nash Chief Digital Officer