Universal Music Group First Half 2024 Earnings: Beats Expectations

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).

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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