Professional
Added to YB: 2024-03-26
Pitch date: 2024-03-24
UMG.AS [bullish]
Universal Music Group N.V.
-17.28%
current return
Author Info
No bio for this author
Company Info
Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments.
Market Cap
EUR 42.7B
Pitch Price
EUR 26.27
Price Target
N/A
Dividend
2.23%
EV/EBITDA
20.33
P/E
16.48
EV/Sales
3.77
Sector
Entertainment
Category
growth
Pershing Square's Portfolio Holding: Universal Music Group N.V.
UMG.AS: Music leader with rapid growth. 2023: 12% organic rev growth, 19% EBITDA growth beating guidance. Long-term outlook strong due to better monetization, cost cuts, new services. DSP price hikes, 'artist-centric' model, superfan targeting to drive growth. €250M cost savings to expand margins while maintaining investments. Minority investment in Chord Music Partners for financial & strategic benefits. Navigating AI opportunities & challenges. Partnering on ethical AI use while challenging copyright infringement.
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