Universal Music Group revenue rises 13.3% on streaming prices

July 30 (Reuters) - Universal ‌Music Group ​reported ​second-quarter revenue of 3.29 billion euros ($3.79 billion) on Thursday, up ‌13.3% year-on-year at constant exchange rates, helped ⁠by the consolidation of Downtown Music and ‌higher streaming prices.

The results ‌underscore the importance of pricing and acquisitions to UMG's growth strategy as the ​world's largest music company looks to diversify its revenue base beyond traditional ⁠subscription streaming.

• Seconds quarter adjusted earnings before interest, taxes, depreciation, ​and amortization (EBITDA) came in up 1.5% year-on-year at constant currency to €674 million

• ​Merchandising revenue dropped 10.7% ‌over the quarter, impacted by the timing of tours & new ⁠product releases

• Net profit fell 84.5% to €222 million, while free cash flow dropped to €24 ⁠million from €163 million a year earlier.

• Net debt at ​the end of H1 2026 was €4,13 million compared to €2,39 million at the end of 2025, weighed ‌by the Downtown acquisition, dividends and share buybacks

• Top sellers ‌during the quarter included Olivia Rodrigo, Noah ⁠Kahan and South ‌Korea's BTS, Universal ​said

($1 = 0.8686 euros)

(Reporting by Leo Marchandon in Gdansk ; editing by Matt ‌Scuffham)

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