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
Sources from Deadline • Yahoo Finance on Youtube • Published 3 months ago

pmc editorial manager

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.

Tagged:
Universal Music shares take a big hit as streaming and subscription revenues shrink.
Want to go more in-depth? Ask a question to learn more about the event.