Report
UMG : Disappointment over the Q2 streaming performance
>Outperform rating confirmed - UMG reported yesterday evening is H1 2024 earnings which were in line with forecasts for EBITDA at € 649m vs € 654m expected, but with a streaming performance (paying and free) that was disappointing and unexpected, notably due a disappointment from subscriber volumes. This should partly continue in H2. Visibility on the short-term streaming trajectory has reduced somewhat sharply following this publication. The market will very naturall...
Underlying
UNIVERSAL MUSIC GROUP NV
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Jerôme Bodin
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