Common Music Group generated revenues of €2.980 billion ($3.38bn) throughout all of its divisions (together with recorded music, publishing and extra) in Q2.
That’s in response to UMG’s recent set of quarterly outcomes, printed as we speak (July 31).
They reveal that UMG’s general Q2 income determine was up 4.5% YoY at fixed forex, pushed, in response to UMG, by development within the Recorded Music and Music Publishing segments.
Adjusted EBITDA weighed in at €676 million ($766m) – a margin of 22.7%.
One massive spotlight from UMG’s newest outcomes was the corporate’s recorded music subscription streaming revenues, which grew 8.5% YoY at fixed forex to achieve €1.197 billion ($1.36bn) in Q2.
Commenting on the Q2 earnings announcement, UMG’s Chairman and CEO, Sir Lucian Grainge, stated: “It’s the highly effective mixture of our artists’ and songwriters’ artistic excellence with our strategic imaginative and prescient and execution that continues to ship UMG’s robust outcomes.”
Boyd Muir, UMG’s COO, added: “The breadth and variety of our enterprise has positioned us to ship strong development in income and Adjusted EBITDA once more this quarter.
“We stay assured in our development trajectory as we proceed to take a position with a concentrate on maximizing long-term worth and driving enticing returns within the coming years.”
RECORDED MUSIC
Common’s general Recorded Music income for the second quarter of 2025 was €2.224 billion ($2.52bn), up 3.9% YoY at fixed forex.
Throughout the Recorded Music section, UMG’s ‘Subscription and streaming revenues’ (together with ad-supported and subscription streaming revenues) grew 8.7% YoY at fixed forex to €1.555 billion ($1.76bn).
Breaking UMG’s recorded music streaming determine down additional reveals that the corporate’s subscription streaming revenues particularly grew 8.5% YoY at fixed forex to achieve €1.197 billion ($1.36bn), pushed primarily, in response to UMG, “by the expansion in world subscribers”.
Common’s ad-supported recorded music streaming income, in the meantime, grew 9.1% YoY at fixed forex to achieve €358 million ($406m). In accordance with UMG, this consequence was “supported by development on a number of main platforms and a better comparability”.
Inside Common’s recorded music enterprise, Bodily income decreased 12.4% YoY at fixed forex to €310 million ($352m), due, in response to UMG, to “a troublesome comparability towards final yr’s robust launch schedule”.
‘License and different’ income decreased 6.5% YoY at fixed forex to €290 million ($329m), falling “on a troublesome comparability towards robust dwell and audiovisual income within the second quarter of 2024”.
Downloads and different digital income grew 50.0% YoY at fixed forex to €69 million ($78m), due, in response to UMG, to “a settlement with an web service supplier”.
Prime sellers for the quarter included releases from Morgan Wallen, timelesz, Girl Gaga, Sabrina Carpenter and INI, whereas high sellers within the prior-year quarter included Taylor Swift, Billie Eilish, SEVENTEEN, Morgan Wallen and Ae! group.
MUSIC PUBLISHING
Common’s general Music Publishing income for the second quarter of 2025 was €570 million ($646.3m), up 14.5% YoY at fixed forex.
Digital publishing income grew 16.2% YoY at fixed forex to €351 million ($398m), due, in response to UMG, to “the expansion in streaming and subscription income”.
Efficiency income grew 13.3% YoY at fixed forex to €111 million ($126m).
Synchronization income grew 11.9% YoY at fixed forex to €66 million ($75m).
Mechanical income grew 7.7% YoY at fixed forex to €28 million ($32m).
Different income grew 7.7% YoY at fixed forex to €14 million ($16m).
MERCHANDISING AND OTHER
UMG’s ‘Merchandising and Different’ income within the second quarter of 2025 reached €192 million ($217.69m) in Q2, a lower of 12.7% YoY at fixed forex.
In accordance with UMG, this decline was “on a troublesome comparability that within the prior yr benefited from very robust, release-driven direct-to-consumer gross sales”.
EBITDA ETC.
In Q2 2025, UMG’s EBITDA (earnings earlier than curiosity, taxes, and depreciation) grew 8.5% YoY at fixed forex to €611 million ($693m).
EBITDA margin expanded to 20.5%, in comparison with 19.8% within the second quarter of 2024.
Adjusted EBITDA for Q2 was €676 million ($766m), up 7.3% YoY at fixed forex.
Adjusted EBITDA margin improved to 22.7% in comparison with 22.1% within the second quarter of 2024, “on account of income development, working leverage and price financial savings from the beforehand introduced strategic organizational redesign”, stated UMG.
UMG declared an interim dividend for the primary half of 2025 of €440 million ($499m).
The dividend fee date can be on October 28, 2025.
All EUR-USD conversions made on the common price of the related interval in response to the European Central Financial institutionMusic Enterprise Worldwide
