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Universal Music Group first-quarter sales beat forecast
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Universal Music Group first-quarter sales beat forecast
May 25, 2025 9:00 PM

(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)

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