UNIVERSAL MUSIC GROUP second quarter revenue rose 6.4% year-over-year (8.8% in constant currency) to €2.7 billion, credited to growth in the Recorded Music and Merchandising and Other segments. EBITDA fell 0.4% to €505 million but Adjusted EBITDA increased 16.4% to €590 million. Recorded Music subscription revenue increased 10.6% to €1.1 billion and streaming revenue grew 2.9% to €358 million; physical sales increased 7.6% to €326 million. Music publishing .
UNIVERSAL MUSIC GROUP N.V. first quarter 2023 revenue rose 11.5% year-over-year to €2.451 billion, with EBITDA falling 42.5% (43.4% in constant currency) to €261 million, driven by €261 million in non-cash share-based compensation expenses in 2023, compared to €1 million in 2022. Adjusted EBITDA was yo 14.6% to €522 million (13% in constant currency).Recorded Music revenue rose 11.7% to €1.923 billion (9.6% in constant currency)., with subscription revenue up .