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UMG Reports Strong Q3 Growth Fueled by Taylor Swift

10/31/2025

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Summary

Story summary

Universal Music Group (UMG) reported strong third-quarter 2025 results, with revenue of €3.02 billion, up 10.2% year over year.
Growth was driven by Taylor Swift's album "The Life of a Showgirl," which boosted physical sales by 23.1% and merchandising revenue by 15.6%.
Subscription revenue rose 8.7% while streaming revenue remained stable.
For the first nine months of 2025, UMG's recorded music revenue totaled €6.69 billion, up 7.4%.

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Story summary

Universal Music Group (UMG) reported strong third-quarter 2025 results, with revenue of €3.02 billion, up 10.2% year over year.
Growth was driven by Taylor Swift's album "The Life of a Showgirl," which boosted physical sales by 23.1% and merchandising revenue by 15.6%.
Subscription revenue rose 8.7% while streaming revenue remained stable.
For the first nine months of 2025, UMG's recorded music revenue totaled €6.69 billion, up 7.4%.