Universal Music Subscription Revenue Growth to Hit 10% by 2028
Projected Growth in Subscription Revenue
Universal Music Group (UNVGY) is gearing up for substantial expansion in its subscription business. The company expects a subscription revenue CAGR of between 8-10% leading up to 2028, fueled by increasing demand for streaming services.
Overall Revenue Outlook
Alongside the subscription growth, Universal Music also anticipates an impressive overall revenue CAGR surpassing 7%. This optimistic forecast underscores the company's strategy to capitalize on the surge in digital music consumption.
- EBITDA CAGR anticipated above 10%
- Strong demand for digital platforms
- Focus on enhancing subscription offerings
By aligning its business model with consumer preferences, Universal Music is poised to maintain a competitive edge in the music industry.
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