UMG`s revenues increased by 9.4% in Q1
In the first quarter, UMG revenues increased 9.4 percent year on year to €1.809 billion.

The results come after Vivendi announced plans for an IPO in Amsterdam for Universal Music this year.

Despite the receipt of a digital royalty claim in the first quarter of 2020, recorded music revenues increased by 10.8 percent due to increases in subscription and streaming revenues (up 19.6 percent).

Physical sales increased by 14.8% when compared to the first quarter of 2020. New releases from King & Prince and Justin Bieber, as well as continued sales from The Weeknd, Ariana Grande, and Pop Smoke, were among the top recorded music best sellers in the first quarter of 2021.

UMG had the No. 1 track on Spotify`s global chart for 12 out of 13 weeks in the first quarter of 2021, with Olivia Rodrigo`s Driver`s License and Justin Bieber`s Peaches. For six weeks in a row, UMG had all three of the top songs on Spotify`s global chart.

Music publishing revenues increased by 6.9 percent in the first quarter of 2020, owing to higher subscription and streaming revenues. Merchandising and other revenues were down 10% as touring activity was still impacted by the pandemic, despite improved retail and direct-to-consumer sales.

Universal Music Group BV (UMG BV) agreed last month to a five-year, €3 billion financing line with four major banks. UMG`s headquarters in Hilversum, Netherlands, have relocated from Paris to accommodate the company`s subsidiaries in the various countries where it operates.

All financial outcomes are based on constant currency and perimeter.