PR Newswire

The newsfeed available here is provided by our content partner PR Newswire. This is one of the most important and widest-reaching press services, providing news, press releases and multimedia content to the media, journalists and the public.
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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Tue, 17.09.2024       Universal Music Group
US91377B1098

HILVERSUM, Netherlands, Sept. 17, 2024 /PRNewswire/ -- Universal Music Group N.V. (EURONEXT: UMG), the world leader in music-based entertainment, will hold its 2024 Capital Markets Day today in London. As part of the Capital Markets Day presentations, senior executives from across the company will present a strategic update and business outlook, and management will share financial targets through the end of FY 2028.

UMG expects to continue achieving high Revenue and Adjusted EBITDA growth, driven in part by the continued growth in subscription revenue, accelerating superfan monetization, and an expanding partner ecosystem, that it expects will translate into meaningful Free Cash Flow generation.  Management will provide further details to support this outlook during the Capital Markets Day.

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