Universal Music Group Q1 2025 Revenue Surges

Universal Music Group (UMG) reported strong first-quarter 2025 results, with total revenue rising 11.8% year-over-year to €2.9 billion ($3.31 billion), surpassing analysts’ estimates. Growth was fueled by a surge in global music subscriptions, as subscription revenue rose 11.5%, and physical sales, particularly vinyl, climbed 17.6%. Overall streaming revenue increased by 2.9%, reflecting a broader industry trend toward less-monetized short-form video platforms. Licensing revenue jumped 33%, and digital publishing revenue was up 19.4%. Top-selling artists included Kendrick Lamar, Sabrina Carpenter, Lady Gaga, and Mrs. Green Apple. CEO Lucian Grainge credited the results to UMG's strategic focus on artist development and connecting with fans through innovative channels.