Universal Music Group N.V. Reports Financial Results for the First Quarter Ended March 31, 2023

Summary Q1 2023 Results1 Revenue of €2,451 million increased 11.5% year-over-year, or 9.3% in constant currency, driven by strong growth in Recorded Music and Music Publishing Recorded Music subscription revenue grew 12.7% year-over-year, or 10.3% in constant currency and streaming…