# Universal Music Group generated $3.90B in Q3, up 11.7% YoY – driven by Mrs. Green Apple, Olivia Rodrigo, Stray Kids, Ariana Grande, and The Beatles

- URL: https://talkfuse.com/story/universal-music-group-generated-3-90b-in-q3-up-11-7-yoy-driven-by-mrs-green-apple-olivia-rodrigo-stray-kids-ariana-grande-and-the-beatles/
- Published: 2026-10-29T17:21:26+00:00
- Updated: 2026-11-04T05:13:21+00:00
- Original publisher: Music Business Worldwide
- Original article: https://www.musicbusinessworldwide.com/universal-music-group-generated-3-90b-in-q3-up-11-7-yoy-driven-by-mrs-green-apple-olivia-rodrigo-stray-kids-ariana-grande-and-the-beatles/
- Topics: Americas, Art, Business, Culture, Entertainment, Markets, Music, TV, World

## Key points

- UMG Q3 revenue reached €3.394bn, up 11.7%.
- Growth was 5.3% excluding Downtown Music.
- Subscription and physical sales both increased strongly.

## Summary

Universal Music Group reported third-quarter revenue of €3.394 billion (US$3.90 billion), up 11.7% year on year at constant currency. The results point to continued growth in recorded music and publishing, supported by streaming and physical sales, while the headline increase also reflects the acquisition of Downtown Music Holdings.

Revenue growth was 5.3% excluding Downtown, whose results have been included since 20 February 2026. Recorded Music revenue rose 14.7% to €2.559 billion, or 7.4% excluding Downtown; subscription revenue increased 19.2% to €1.422 billion, and physical revenue grew 17.4% to €392 million. Adjusted EBITDA was €729 million, with a 21.5% margin, down from 22.0% a year earlier.

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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.