Universal Music Group posted robust revenue of €2.901 billion — around $3.309 billion, an increase of 11.8% year-over-year, or 9.5% in constant currency — in its earnings report for the quarter ended on March 31, 2025, although streaming growth continues to level off and impact the company’s bottom line. While Universal’s recorded music’s subscription revenue grew 11.5% year-over-year, or 9.3% in constant currency, streaming revenue grew just 2.9% year-over-year, or 0.3% in constant currency.