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UMG Reports €3.394B Q3 Revenue, Up Nearly 12%

By Drooid · Oct 30, 2026 · How we work

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Universal Music Group posted €3.394 billion Q3 revenue, up nearly 12 percent from 2025.
Subscription streaming revenue rose 17.9 percent to €1.81 billion, with Downtown Music Group adding 9.5 percent.
Adjusted EBITDA reached €729 million, a 9.0 percent increase in constant currency.
UMG announced layoffs aiming for €250 million annual savings by end-2026.
CEO Lucian Grainge warned AI-generated music is overwhelming charts, outpacing mitigation.

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Universal Music Group posted €3.394 billion Q3 revenue, up nearly 12 percent from 2025.
Subscription streaming revenue rose 17.9 percent to €1.81 billion, with Downtown Music Group adding 9.5 percent.
Adjusted EBITDA reached €729 million, a 9.0 percent increase in constant currency.
UMG announced layoffs aiming for €250 million annual savings by end-2026.
CEO Lucian Grainge warned AI-generated music is overwhelming charts, outpacing mitigation.