Stock Analysis

Universal Music Group First Half 2024 Earnings: Beats Expectations

ENXTAM:UMG
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Universal Music Group (AMS:UMG) First Half 2024 Results

Key Financial Results

  • Revenue: €5.53b (up 7.3% from 1H 2023).
  • Net income: €914.0m (up 46% from 1H 2023).
  • Profit margin: 17% (up from 12% in 1H 2023). The increase in margin was driven by higher revenue.
  • EPS: €0.50 (up from €0.34 in 1H 2023).
earnings-and-revenue-growth
ENXTAM:UMG Earnings and Revenue Growth July 30th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Universal Music Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Entertainment industry in Europe.

Performance of the market in the Netherlands.

The company's shares are down 25% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Universal Music Group (1 is a bit concerning!) that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.