Universal Music Posts $3.2 Billion Revenue in Second Quarter, Publishing up 10% as Streaming Revenue Dips

Universal Music Group, the world’s largest music company, has reported a mixed second quarter for 2024, with revenue of $3.2 billion, an increase of 8.7% year-over-year, or 9.6% in constant currency. Recorded music revenue grew 5.8% year-over-year, or 6.8% in constant currency; music publishing grew 10.1% year-over-year, or 10.4% in constant currency; and merchandising grew […]