- Universal Music Group (UMG) announced new financial targets through FY 2028 at its 2024 Capital Markets Day, expecting significant growth in revenue, subscription revenue, Adjusted EBITDA, and Free Cash Flow.
- UMG Targets 10% Adjusted EBITDA CAGR, Focuses on Subscription Revenue and Superfan Monetization
Tue Sep 17 05:56:16 -0000 2024 UTC-– Universal Music Group N.V. announced new financial targets until 2028 during its 2024 Capital Markets Day, focusing on revenue growth, EBITDA increase, and cash flow generation, with details provided at the event.
2024 Capital Markets Day
Universal Music Group N.V. (EURONEXT: UMG), the global leader in music-based entertainment, will present its strategic vision and financial targets for the coming years at its 2024 Capital Markets Day in London. Senior executives are expected to outline ambitious growth projections through FY 2028, underpinned by key drivers such as subscription revenue expansion, superfan monetization, and an expanding partner ecosystem.
10% Adjusted EBITDA CAGR
UMG anticipates a Compound Annual Growth Rate (CAGR) of over 7% in Revenue and 10% in Adjusted EBITDA, supported by an 8-10% CAGR in subscription revenue. Additionally, the company aims for a Free Cash Flow conversion rate of 60-70% before investing activities, highlighting its commitment to strong cash generation.
The company cautions about forward-looking statements and provides a livestream link for the event. UMG leads in music-based entertainment, focusing on artistry, innovation, and entrepreneurship.