ENXTAM:UMGEntertainment
Universal Music Group (ENXTAM:UMG) Stock Revenue Growth Meets Margin Strain
Universal Music Group walked into this earnings day with a bruised stock, down over 20% across the past month, yet still carrying a rich trailing P/E of 81x. The immediate question for investors is whether the latest numbers justify that kind of price tag or the recent sell off.
The headline is simple. Revenue for the first half reached €6,626m, while adjusted diluted earnings per share for H1 rose to €0.47. At the same time, reported net margin over the trailing 12 months sat at just 2.5%...