Universal Music shares take a big hit as streaming and subscription revenues shrink – Knowligent
Universal Music shares take a big hit as streaming and subscription revenues shrink

Universal Music shares take a big hit as streaming and subscription revenues shrink

Home › News › Universal Music shares take a big hit as streaming and subscription revenues shrink
Summary by Deadline • Yahoo Finance on Youtube • Published 5 months ago

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Universal vs. Warner: Which Music Stock Should You Buy?

Shares of Universal Music Group fell 24% today after it reported revenue growth from subscription and streaming services came in below expectations.

The decline represents a market value of $16 billion for the group, which includes big names such as Taylor Swift, Drake, Adele and Billie Eilish.

The decline is attributable to the moderate results of the streaming and subscription activities.