Universal Music Posts $1.8B in Quarterly Revenue Ahead of Public Listing

The Q2 2021 was good 4 UMG, thanks to major releases by Olivia Rodrigo, Justin Bieber and BTS.

Ahead of its upcoming public listing this fall, Universal Music Group's revenue skyrocketed to 2.022 billion euros during the second quarter, up 19.6% from 1.69 billion euros in Q2 of 2020.UMG’s recorded music division enjoyed even larger increases, growing 23.5% to 1.654 billion euros with streaming rising 23.8% to 1.122 billion euros in the second quarter this year versus 906 million euros in the second quarter of 2020.

Physical sales also enjoyed a big gain in the second quarter of this year, growing to 250 million euros from 152 million euros in the second quarter of 2020, a 64.5% increase, while licensing and other income streams grew 16.7% in the second quarter to 210 million euros from 180 million euros in 2020’s Q2.

Music publishing revenue didn’t match the year-earlier period with the company garnering 293 million euros versus 353.4 million euros in the second quarter of 2020 — but that quarter’s revenue was buttressed by a one-time item, according to the company. Meanwhile, merchandising and other income streams grew 54.9% to 79 million euros as compared with 51 million euros in the year-earlier corresponding period.

In advance of its Sept. 21 listing on Euronext Amsterdam, the company said that it will hold a Capital Markets Day by video conference on Aug. 25.

Que guapa esta mi amor

BTS on TOP. BTS is Universal's Best Seller so far but y'all can't even used their pic eh? Lmao

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