ENXTAM:UMGEntertainment
Universal Music Group’s Valuation After Doubling Buy-Back And Cutting Spotify Stake
Universal Music Group (ENXTAM:UMG) is in focus after deciding to double its share buy-back program to €1b and sell half of its Spotify stake, with proceeds redirected toward artist retention amid softer streaming conditions.
See our latest analysis for Universal Music Group.
The latest buy-back expansion and Spotify stake sale come after a mixed stretch for investors, with the share price at €20.53, a year to date share price return down 6.47% and a 3 year total shareholder return of...