{"id":9067,"date":"2026-07-31T00:00:00","date_gmt":"2026-07-31T00:00:00","guid":{"rendered":"https:\/\/interspacemusic.com\/blog\/universal-music-group-q2-revenue-rises-10-5-to-e3-294-billion\/"},"modified":"2026-07-31T00:00:00","modified_gmt":"2026-07-31T00:00:00","slug":"universal-music-group-q2-revenue-rises-10-5-to-e3-294-billion","status":"publish","type":"post","link":"https:\/\/interspacemusic.com\/blog\/universal-music-group-q2-revenue-rises-10-5-to-e3-294-billion\/","title":{"rendered":"Universal Music Group Q2 Revenue Rises 10.5% to \u20ac3.294 Billion"},"content":{"rendered":"<p><strong><a href=\"https:\/\/interspacemusic.com\/blog\/universal-music-group-completes-e500-million-share-buyback\/\">Universal Music Group<\/a><\/strong> (<a href=\"https:\/\/www.universalmusic.com\">UMG<\/a>) reported second-quarter 2026 revenue of \u20ac3.294 billion ($3.83 billion), a 10.5% year-over-year increase (13.3% in constant currency). The gains were driven by the consolidation of <strong><a href=\"https:\/\/interspacemusic.com\/blog\/universal-now-owns-cd-baby-and-fuga-regulators-made-it-sell-the-one-business-that-sees-your-data\/\">Downtown Music Holdings<\/a><\/strong>, benefits from Streaming 2.0 pricing, and strength across physical, licensing, and performance revenue.<\/p>\n<p>Excluding the contribution from Downtown, constant-currency revenue grew 6.4%. Recorded Music revenue climbed 16.2% at constant currency to \u20ac2.516 billion ($2.93 billion), or 8.7% excluding Downtown.<\/p>\n<p>Within Recorded Music, combined subscription and ad-supported streaming revenue rose 15.4% at constant currency to \u20ac1.757 billion ($2.04 billion). Subscription revenue alone increased 16.6% at constant currency to \u20ac1.368 billion ($1.59 billion), reflecting the Downtown consolidation and Streaming 2.0 pricing effects. Physical revenue grew 15.9%, while licensing and other revenue jumped 34.9% at constant currency.<\/p>\n<p>Adjusted EBITDA was \u20ac674 million ($783.8 million), down 0.3% as reported but up 1.5% at constant currency. The EBITDA margin declined to 20.5%, which the company attributed to the Downtown consolidation, revenue and repertoire mix pressure in Recorded Music, and a merchandising loss.<\/p>\n<p>Top sellers for the quarter included <strong>Noah Kahan<\/strong>, <strong>BTS<\/strong>, <strong>Olivia Rodrigo<\/strong>, <strong>Drake<\/strong>, and <strong>Olivia Dean<\/strong>.<\/p>\n<blockquote><p>\u201cWe\u2019re delivering on our strategic plan, and working to further sharpen our execution, while capitalizing on the opportunities presented by new technologies and the <a href=\"https:\/\/interspacemusic.com\/blog\/the-human-premium-ai-lyrics-and-the-fight-for-musics-soul\/\">ever-evolving music ecosystem<\/a>. Our unique combination of global reach, local expertise, artist development, vast audio and visual IP and entrepreneurial culture positions UMG to deliver long-term growth, sustained value creation, and creative and commercial success for our artists and songwriters,\u201d said <a href=\"https:\/\/www.universalmusic.com\/leadership\/sir-lucian-grainge\/\">Sir Lucian Grainge<\/a>, Chairman and Chief Executive Officer of UMG.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Universal Music Group&#8217;s Q2 2026 revenue reached \u20ac3.294 billion, a 10.5% increase driven by the consolidation of Downtown Music Holdings and growth in streaming, physical, and licensing revenue.","protected":false},"author":3,"featured_media":9068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[520],"tags":[191,461,2641,342,186,217],"class_list":["post-9067","post","type-post","status-publish","format-standard","has-post-thumbnail","category-awards-milestones","tag-downtown-music-holdings","tag-earnings","tag-recorded-music","tag-streaming","tag-umg","tag-universal-music-group","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UMG Q2 2026 Revenue Up 10.5% on Downtown, Streaming 2.0<\/title>\n<meta name=\"description\" content=\"Universal Music Group reported Q2 2026 revenue of \u20ac3.294 billion, up 10.5% year-over-year, driven by the Downtown Music Holdings consolidation and Streaming 2.0 pricing. 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