Earnings Call Summary | UNIVERSAL MUSIC GROUP N.V(UMGNF.US) Q1 2024 Earnings Conference
Earnings Call Summary | UNIVERSAL MUSIC GROUP N.V(UMGNF.US) Q1 2024 Earnings Conference
The following is a summary of the Universal Music Group N.V. (UMGNF) Q1 2024 Earnings Call Transcript:
以下是環球音樂集團公司(UMGNF)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Universal music group reported an 8% increase in revenue, reaching €2.59 billion.
The three main business segments i.e., Recorded Music, Music Publishing and Merchandising experienced growth.
Recorded Music revenue grew 6%, driven by a 13% rise in subscription revenue and a 10% increase in ad-supported streaming revenue.
Music Publishing grew by 18%, largely due to a 25% increase in digital revenue and a 28% growth in performance revenue.
Merchandising revenue increased by 8%, largely because of growth in touring revenue.
The adjusted EBITDA increased by 16%, reaching €591 million for the quarter, primarily driven by revenue growth.
The company's adjusted EBITDA margin expanded 1.5 percentage points to 22.8%.
環球音樂集團報告收入增長了8%,達到25.9億歐元。
唱片音樂、音樂出版和銷售這三個主要業務領域實現了增長。
受訂閱收入增長13%和廣告支持的流媒體收入增長10%的推動,唱片音樂收入增長了6%。
音樂出版公司增長了18%,這主要是由於數字收入增長了25%,表演收入增長了28%。
銷售收入增長了8%,這主要是由於旅遊收入的增長。
調整後的息稅折舊攤銷前利潤增長了16%,達到本季度5.91億歐元,這主要是由收入增長推動的。
該公司調整後的息稅折舊攤銷前利潤率擴大了1.5個百分點至22.8%。
Business Progress:
業務進展:
Universal Music Group is focusing on the development of new artists and strengthening its global partnerships for better financial success.
The company has signed a new partnership agreement with TikTok, which includes opportunities in e-commerce, data, and marketing programs.
Significant strides have been made for shaping a responsible and ethical use of AI in music.
UMG is targeting a partnership with Roland Corporation to establish principles for the responsible use of AI in music creation and distribution.
The company aims to deliver €75 million of cost savings in 2024.
UMG is scaling up in emerging markets and leveraging the power of the internet, Data Service Providers (DSPs), and data to uncover new business opportunities.
環球音樂集團專注於培養新藝術家並加強其全球合作伙伴關係,以取得更好的財務成功。
該公司已與TikTok簽署了一項新的合作協議,其中包括電子商務、數據和營銷計劃方面的機會。
在塑造音樂中以負責任和合乎道德的方式使用人工智能方面,已經取得了重大進展。
UMG的目標是與羅蘭公司建立合作伙伴關係,以制定在音樂創作和發行中負責任地使用人工智能的原則。
該公司的目標是在2024年節省7500萬歐元的成本。
UMG正在新興市場擴大規模,並利用互聯網、數據服務提供商(DSP)和數據的力量來發現新的商機。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。