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Last updated: April 2026

UMG FINANCIAL STATEMENTS

Universal Music Group N.V. — balance sheet, income statement and cash flow trends

UMGUniversal Music Group N.V.

🇳🇱 Netherlands · AS · Communication Services · Entertainment

Value itDuel
PriceFinancialsPeers

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
010 B20 B202020212022202320242025

Profit Funnel

Q2 2025 · TTM
Revenue22 B €Gross Profit8.7 B € · 39%Operating Income3.7 B € · 17%Pre-tax Income4.5 B € · 20%Net Income3.3 B € · 15%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue22 B €+27.5%
Gross Profit8.7 B €+19.2%
Operating Income3.7 B €+201.7%
EBITDA6.1 B €+88.4%
Net Income3.3 B €+41.7%

Peer Comparison· Entertainment

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
UMG27.5%39.4%27.8%15.0%
TKO9.0%51.5%28.9%4.5%
LYV12.6%44.7%6.2%0.3%
FWONK35.1%27.3%30.1%12.8%
FOXA0.6%35.0%19.1%10.6%
WBD-3.0%41.5%34.0%-4.7%
Industry median9.0%44.2%17.2%4.7%
CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
UMG27.5%39.4%27.8%15.0%
KPN3.5%30.9%46.3%14.7%
Industry median9.0%44.2%17.2%4.7%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
010 B202020212022202320242025

Capital Structure

Q2 2025
Total Assets17.5 B
  • Equity4.5 B €26%
  • Current Liabilities7.2 B €41%
  • Long-term Liabilities5.7 B €33%

Key Figures

YoY change
Total Assets17.5 B €+15.1%
Total Liabilities12.9 B €+10.2%
Total Equity4.5 B €+32.5%
Cash & ST Investments82 M €-82.1%
Total Debt3.4 B €-5.4%
Net Debt3.4 B €+6.4%

Peer Comparison· Entertainment

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
UMG0.6375.0%0.5426.0%
TKO1.28147.1%2.2221.1%
LYV0.88-7,591.9%0.95-0.5%
FWONK1.3564.9%2.5848.6%
FOXA2.9060.2%0.9750.4%
WBD0.7399.7%2.3133.3%
Industry median1.1664.9%0.9739.1%
CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
UMG0.6375.0%0.5426.0%
KPN0.64338.3%2.9719.3%
Industry median1.1664.9%0.9739.1%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
02 B4 B202020212022202320242025

Cash Flow Bridge

Q2 2025 · TTM
02 B4 B4.1 B €Operating-1.6 B €Investing-2.2 B €Financing240.5 M €Net Change

Key Figures

YoY change
Operating Cash Flow4.1 B €+72.4%
Capital Expenditures164.5 M €-16.3%
Free Cash Flow3.8 B €+82.2%
Dividends Paid-1.2 B €-345.0%

Peer Comparison· Entertainment

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
UMG18.7%17.3%0.7%124.7%
TKO36.0%34.6%2.5%804.4%
LYV9.4%4.8%4.6%2,884.0%
FWONK17.6%15.4%2.2%137.7%
FOXA16.1%14.6%2.9%152.9%
WBD9.6%6.2%3.4%-205.0%
Industry median15.4%8.1%4.6%140.7%
CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
UMG18.7%17.3%0.7%124.7%
KPN39.8%22.3%17.5%269.9%
Industry median15.4%8.1%4.6%140.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.