- 2Q EBITDA: Reported at €580 million, missing the estimate of €591.4 million.
- Adjusted EBITDA: Came in at €649 million, surpassing the estimate of €641.4 million.
- Adjusted EBITDA Margin: 22.1%, slightly below the estimated 22.3%.
- Revenue: Totalled €2.93 billion, higher than the estimated €2.88 billion.
- Recorded Music Revenue: Reported at €2.20 billion, falling short of the €2.22 billion estimate.
- Music Publishing Revenue: Totalled €511 million, below the estimate of €519.9 million.
- Merchandising & Other Revenue: Significantly outperformed estimates, reported at €227 million versus €165.4 million estimated.
- Recorded Music Revenue (constant currency): Increased by 6.8%, compared to the 7.05% estimate.
- Merchandising & Other Revenue (constant currency): Rose by a notable 43.7%, far exceeding the 6.24% estimate.
- First Half Results:
- EBITDA: €1.07 billion, just shy of the €1.08 billion estimate.
- Recorded Music EBITDA: €959 million, above the estimate of €942 million.
- Music Publishing EBITDA: €229 million, missing the €238.4 million estimate.
- Merchandising & Other EBITDA: €18 million, below the estimates of €21.9 million.
- Net Income: €914 million, significantly surpassing the estimate of €603.3 million.
- Analyst Ratings: 15 buys, 7 holds, 1 sell.
A look at Universal Music Group NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Universal Music Group NV, an entertainment company producing and distributing music content globally, demonstrates a promising long-term outlook based on its Smartkarma Smart Scores. With a high Growth score of 5, the company is positioned for significant expansion and development in the future. Additionally, a Momentum score of 4 suggests that Universal Music Group is gaining positive traction in the market, indicating potential for continued success and progress.
Although the Value score is moderate at 2, Universal Music Group NV shows resilience with a score of 3, highlighting its ability to navigate challenges and maintain stability. A respectable Dividend score of 3 also indicates a solid payout to investors. Overall, with a balanced set of Smart Scores, Universal Music Group NV presents a favorable long-term outlook, poised for growth and success in the entertainment industry.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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