Universal Music slides after 'light' Q1 results”

Universal Music

30/04/2026 08:23

April 30 (Reuters) - ** Shares of Universal Music Group UMG.AS fall around 6% after a subdued Q1 impacted by a weak U.S. dollar

** "UMG has released results that are a little light to our and consensus expectations," Deutsche Bank says in a note

** The company's first-quarter revenue came in flat year-on-year in reported terms, but rose around 8% at constant currency

** Out of 21 analysts that cover Universal Music, 13 rate the stock "strong buy" or "buy,"​six rate "hold" andtwo​ rate the stock "strong sell" or "sell"

 (Reporting by Leo Marchandon in Gdansk)

 ((leo.marchandon@thomsonreuters.com))