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UMG : Spotify Q4 results: very robust on the subscriber base, encouraging for UMG in 2023
>Still positive market momentum - Spotify published its Q4 results yesterday, beating expectations in terms of revenues and its paying subscriber base. This publication is important for evaluating market momentum for rights holders, notably UMG and Believe. After a good Q4, Spotify guided to a more dynamic-than-expected Q1 in terms of subscribers. This publication is reassuring on the market trend for pay streaming with growth still topping 10%. Possible, even probab...
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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