Universal Music posts flat first-quarter revenue as weak dollar weighs
29/04/2026 16:55
April 29 - Universal Music Group UMG.AS on Wednesday posted first-quarter revenue of €2.9 billion ($3.39 billion), flat year-over-year in reported terms but up 8.1% in constant currency, held back by a weaker U.S. dollar. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) fell 3.8% to 636 million euros, but rose 3.9% in constant currency. ($1 = 0.8547 euros) (Reporting by Leo Marchandon in Gdansk) ((leo.marchandon@thomsonreuters.com))