Universal Music Reports Flat Quarterly Revenue of $3.3 Billion on Light Release Schedule
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Universal Music Group reported revenue was flat at 2.9 billion euros ($3.33 billion) for the first quarter as the success of K-pop supergroup BTS‘s first new album in years was offset by foreign currency fluctuations and a tough year-ago comparison.
Earnings before interest, tax, depreciation and amortization (EBITDA), which is a popular measure of a business’s core operating performance and profitability minus certain costs, fell 5.3% to 571 million euros ($655.7 million) for t
Earnings before interest, tax, depreciation and amortization (EBITDA), which is a popular measure of a business’s core operating performance and profitability minus certain costs, fell 5.3% to 571 million euros ($655.7 million) for t
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