Universal Music Group N.V. Reports Financial Results for the First Quarter Ended March 31, 2024

Q1 2024 Results Highlights1 Revenue of €2,594 million increased 5.8% year-over-year, or 7.9% in constant currency, driven by solid growth in all segments. Recorded Music subscription revenue grew 10.7% year-over-year, or 12.5% in constant currency, and streaming revenue grew 8.9%…