Universal Music's Targets Look Encouraging -- Market Talk

Dow Jones09-17 16:14

0814 GMT - Universal Music Group's financial targets through the end of 2028 should be well received by investors, Citi analysts write in a research note. The record label behind Taylor Swift, Billie Eilish and Ariana Grande is forecasting a compound annual growth rate for revenue at constant currencies of more than 7%, with subscription revenue growing 8% to 10%. The analysts say Universal's target is encouraging as current Visible Alpha consensus looks for subscription and streaming growth of just about 6% into the medium-term. Meanwhile, adjusted Ebitda--Universal's preferred measure of profitability--is expected to grow more than 10% at constant currencies, also an encouraging development according to the analysts since margins will continue to expand. Universal Music shares trade 3.3% higher at 24.16 euros. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

September 17, 2024 04:14 ET (08:14 GMT)

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The record label behind Taylor Swift, Billie ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UVV","symbol_name":"环球烟草","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2468333534","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468333534","pubTimestamp":1726560840,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0814 GMT - Universal Music Group's financial targets through the end of 2028 should be well received by investors, Citi analysts write in a research note. The record label behind Taylor Swift, Billie Eilish and Ariana Grande is forecasting a compound annual growth rate for revenue at constant currencies of more than 7%, with subscription revenue growing 8% to 10%. The analysts say Universal's target is encouraging as current Visible Alpha consensus looks for subscription and streaming growth of just about 6% into the medium-term. Meanwhile, adjusted Ebitda--Universal's preferred measure of profitability--is expected to grow more than 10% at constant currencies, also an encouraging development according to the analysts since margins will continue to expand. Universal Music shares trade 3.3% higher at 24.16 euros. 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