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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

業績電話會議摘要 | 環球音樂集團 NV (UMGNF.US) 2024 年第一季度業績會議
富途資訊 ·  05/05 00:36  · 電話會議

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。


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