Universal Music Group reported double-digit revenue growth in Q3 2021, enjoying major boosts in publishing, streaming, and physical sales. Predictably, and in keeping with UMG’s Q1 and Q2 2021 income breakdowns – as well as those of Warner Music, Sony Music, and the broader music industry – “subscription and streaming” accounted for the lion’s share of revenue, at €1.13 billion ($1.32 billion at the present exchange rate).
Source: Universal Music Group Reports Double-Digit Revenue Growth In Q3 2021