Universal Music Group NV
Universal Music Group NV (UMG.AS) is a global leader in music entertainment, operating in the production, distribution, and licensing of music content, with revenue primarily derived from recorded music sales, streaming royalties, and publishing rights.
Business. Universal Music Group NV (UMG.AS) is an entertainment production company headquartered in the Netherlands and listed on Euronext Amsterdam. The firm operates within the Cyclical Consumer Services sector, focusing on music industry activities. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
Analyst recommendations
21 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Universal Music Group NV (UMG.AS) is an entertainment production company headquartered in the Netherlands and listed on Euronext Amsterdam. The firm operates within the Cyclical Consumer Services sector, focusing on music industry activities. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
Universal Music Group maintains a capital structure with no dilution risk, as basic and diluted shares outstanding are equal at 1.834 billion shares. However, liquidity risk could not be assessed due to the absence of balance-sheet inputs and no going-concern language in source documents. The company's valuation snapshot is not available, but analyst price targets suggest a wide range from 15.00 EUR to 31.00 EUR, with a mean of 24.41 EUR and a median of 24.00 EUR.
Profitability metrics are not available in the valuation snapshot, but the company operates in the Entertainment Production industry, where key performance indicators include revenue per user, streaming share, and content library breadth. UMG.AS is a market leader in recorded music and publishing, with a global footprint and a strong presence in digital streaming platforms.
The company's revenue is concentrated in a few key markets, with the United States and Europe representing the largest portions of its global revenue. No specific revenue concentration percentages are available, but the company's exposure to these regions is significant.
Growth trajectory is not quantified in the current outlook, but analyst recommendations suggest a generally positive sentiment, with 5 strong-buy, 8 buy, and 6 hold ratings. The mean recommendation score is 2.24, indicating a moderate to positive outlook.
Risk factors include the inability to assess liquidity risk and the absence of detailed financial disclosures. Dilution risk is low, with no near-term pressure expected. The company has not disclosed any dilution sources in recent filings.
Recent events include analyst price target updates and recommendation ratings, but no specific filings or transcripts are available in the source documents. The company's strategic focus remains on expanding its digital streaming presence and managing its vast music catalog.
- UMG.AS is a global leader in music entertainment with a strong presence in recorded music and publishing.
- Analysts show a generally positive outlook, with a mean recommendation score of 2.24 and a wide range of price targets.
- The company has no dilution risk, as basic and diluted shares are equal.
- Liquidity risk could not be assessed due to missing balance-sheet data and no going-concern language.
- Revenue is concentrated in the United States and Europe, with no detailed concentration percentages available.
- The company's growth trajectory is not quantified, but analyst sentiment is positive.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Revenue €3.02B, +5,3% YoY; Operating income €3.02B.
- ▍Revenue €3.02B, +5,3% YoY
- ▍Operating income €3.02B
- ▍Net margin 100.0%
Revenue €2.90B.
- ▍Revenue €2.90B
Revenue €2.87B.
- ▍Revenue €2.87B
Revenue €12.51B, +5,7% YoY; Operating income +12,6% YoY.
- ▍Revenue €12.51B, +5,7% YoY
- ▍Operating income +12,6% YoY
- ▍Net income −26,5% YoY
- ▍Free cash flow −34,8% YoY
- ▍Net margin 12.3%
Revenue €11.83B, +6,5% YoY; Operating income +25,2% YoY.
- ▍Revenue €11.83B, +6,5% YoY
- ▍Operating income +25,2% YoY
- ▍Net income +65,7% YoY
- ▍Free cash flow +120,9% YoY
- ▍Net margin 17.6%
Revenue €11.11B, +7,4% YoY; Operating income −11,4% YoY.
- ▍Revenue €11.11B, +7,4% YoY
- ▍Operating income −11,4% YoY
- ▍Net income +61,0% YoY
- ▍Free cash flow +92,2% YoY
- ▍Net margin 11.3%
Revenue €10.34B, +21,6% YoY; Operating income +6,9% YoY.
- ▍Revenue €10.34B, +21,6% YoY
- ▍Operating income +6,9% YoY
- ▍Net income −11,7% YoY
- ▍Free cash flow −5,2% YoY
- ▍Net margin 7.6%
Revenue €8.50B; Operating income €1.50B.
- ▍Revenue €8.50B
- ▍Operating income €1.50B
- ▍Net margin 10.4%
Valuation FY
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,03 |
| Revenue | —no estimate | —no estimate | 13,6B EUR |
| Operating income | —no estimate | —no estimate | 2,3B EUR |
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consensus EPS · 26-week trendSell-side observations
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Universal Music Group NV Market data — financials · 2026-05-29
- Universal Music Group NV Market data — analyst estimates · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M