Universal Music Group 4Q Revenue Rose
04 March 2022 - 4:58AM
Dow Jones News
By Giulia Petroni
Universal Music Group NV said Thursday that revenue rose in the
fourth quarter of last year with strong growth across segments.
The world's largest music company posted quarterly revenue of
2.52 billion euros ($2.80 billion) from EUR2.12 billion in the
previous-year period.
Earnings before interest, taxes, depreciation and amortization
fell to EUR438 million from EUR457 million, with a margin of
17.4%.
"Our core business is well positioned for a strong 2022, which
aligns with the plan we have set to achieve our previously
announced mid-term targets," said Boyd Muir, executive vice
president, chief financial officer and president of operations at
Universal Music Group.
The company said it will propose a final dividend of EUR0.20 a
share subject to shareholders' approval. This would bring the total
2021 dividend to EUR0.40 a share.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
March 03, 2022 12:43 ET (17:43 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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