April 29 (Reuters) - Universal Music Group
reported first-quarter sales above market expectations on
Tuesday, helped by growth in recorded music and music
publishing.
The music label of Taylor Swift, BTS and Drake said its
revenues grew by a yearly 11.8% in the quarter ended March to
2.90 billion euros ($3.31 billion), higher than the 2.83 billion
in an LSEG analysts consensus forecast.
($1 = 0.8770 euros)
(Reporting by Alessandro Parodi in Gdansk, editing by Emelia
Sithole-Matarise)