Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations. The Music Publishing segment discovers and develops songwriters, as well as owns and administers the copyright for musical compositions used in recordings, public performances, and related uses, such as films and advertisements. The Merchandising & Other segment produces and sells artist and other branded products through various sales channels, including fashion retail, concert touring, and internet, as well as offers brand rights management services. The company has approximately 3 million recordings, 4 million owned and administered titles, and 250 artists/brands, as well as owns approximately 50 labels covering various music genres. The company was incorporated in 2020 and is headquartered in Hilversum, the Netherlands.
Revenue of Universal Music Group N.V. (UMG.AS)
Revenue in 2023 (TTM): $11.64 B
According to Universal Music Group N.V.'s latest financial reports the company's current revenue (TTM) is $11.64 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Universal Music Group N.V.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $11.64 B | $4.73 B | $2.33 B | $1.8 B | $1.32 B |
| 2022 | $10.83 B | $4.8 B | $1.42 B | $942.7 M | $819.11 M |
| 2021 | $8.91 B | $4.08 B | $1.56 B | $1.22 B | $928.04 M |
| 2020 | $7.78 B | $3.68 B | $2.17 B | $1.87 B | $1.43 B |
| 2019 | $7.5 B | $3.5 B | $1.46 B | $1.23 B | $1.02 B |
| 2018 | $6.31 B | $3.05 B | $1.34 B | $1.21 B | $939.56 M |