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UMG : Q1 still robust for streaming, pending likely fresh price hikes in 2024 and 2025
>Momentum remains robust on pay streaming - We are issuing an update on our Q1 forecasts for UMG. The group is set to report its earnings at end-April, with no date announced yet. We expect momentum over the quarter, notably for the pay streaming segment, with growth at constant forex at 13.5%, still buoyed by the 2023 price hikes and Spotify in particular. The group is unlikely to be impacted by the cost savings plan announced alongside its full-year earnings. It is ...
Underlying
UNIVERSAL MUSIC GROUP NV
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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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