Report
UMG : Q2 2022 should remain robust thanks to streaming, resilience expected
>Outperform rating justified by short, medium and long-term resilience - This is an update on our expectations for UMG which is due to publish its Q2 2022 results on 27 July. We forecast the continuation of a brisk pace of growth, notably in streaming (+11% est. after +14.6% in Q1). The music publishing business should also be robust, but still helped by a change in the accounting of revenues (like in Q1), while merchandising is also expected to be very dynamic (retur...
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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