Universal Music Group NV

UMG: XAMS (NLD)

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Universal Music Earnings: Business Still Strong, but Currency-Exchange Rates Will Remain a Headwind

Matthew Dolgin

Oct 31, 2025

Universal Music's third quarter was very strong, and the most critical component—subscription streaming sales—is poised to accelerate next year. However, the weak US dollar contributed to a 5-percentage-point currency headwind, without which total sales growth exceeded 10% year over year.

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Universal Music Group NV

Universal Music Earnings: Business Still Strong, but Currency-Exchange Rates Will Remain a Headwind

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