Universal Music Subscription Revenue Growth to Hit 10% by 2028

Tuesday, 17 September 2024, 08:22

Universal Music anticipates subscription revenue growth reaching as high as 10% by 2028. This growth is supported by a robust forecast of overall revenue expansion, with expectations of a CAGR above 7%. The strategic focus on subscriptions is set to enhance Universal Music's market position significantly.
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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.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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