# UMG’s share price closes up 7.9% – adding around $2.5B in value – after Q3 subscription growth beats forecasts

- URL: https://talkfuse.com/story/umgs-share-price-closes-up-7-9-adding-around-2-5b-in-value-after-q3-subscription-growth-beats-forecasts/
- Published: 2026-10-30T17:06:00+00:00
- Updated: 2026-10-30T17:12:17+00:00
- Original publisher: Music Business Worldwide
- Original article: https://www.musicbusinessworldwide.com/umgs-share-price-closes-up-7-9-adding-around-2-5b-in-value-after-q3-subscription-growth-beats-forecasts/
- Topics: Music

## Key points

- UMG shares gained 7.9% after its third-quarter results.
- Recorded music subscription growth beat analysts’ forecasts.
- Shares remain down about 30% so far this year.

## Summary

Universal Music Group shares rose 7.9% on Friday, closing at €17.09 after the company reported stronger-than-expected subscription growth for the third quarter. The rebound matters after a steep decline this year, including a sharp fall following its second-quarter results.

The shares reached €18.20 during the session, briefly lifting UMG’s market value by about $4.8 billion; by the close, the increase was around $2.5 billion. Recorded music subscription revenue, excluding Downtown Music Holdings, grew 9.5% year on year at constant currency, above analysts’ 8.2% forecast, while revenue including Downtown rose 19.2% to €1.422 billion. Group revenue was €3.394 billion, up 11.7% at constant currency, and adjusted EBITDA rose 9% to €729 million; publishing growth was more modest.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.