Universal Music Posts Double-Digit Revenue Growth in First Quarter Since Going Public

Universal Music Group garnered revenues of 2.153 billion euros in the third quarter ended Sept. 30, marking a 17.4% increase (on a constant currency basis, 16.1% on an actual basis) over 2020, when revenue totaled 1.855 billion euros.
During the quarter, during which the company spun off from Vivendi on 21 to list on the Euronext Amsterdam exchange, UMG also enjoyed 12.1% growth in earnings before interest, taxes, depreciation and amortization to 426 million euros — up from the year earlie