Universal Music Group posts €3,294 million Q2 2026 revenue, up 10.5% year on year
Universal Music Group (UMG) reported second-quarter 2026 revenue of €3,294 million, up 10.5% year on year, or 13.3% in constant currency. The company said the increase was supported by the consolidation of Downtown Music Holdings, pricing benefits from Streaming 2.0 agreements, and strong physical, licensing and other sales. For the first half of 2026, revenue rose to €6,194 million, up 5.3% year on year, or 10.8% in constant currency. Adjusted EBITDA for Q2 2026 was €674 million, down 0.3% year on year, while the adjusted EBITDA margin fell 2.2pp to 20.5%.