Universal Music Group N.V. Reports Financial Results for the First Quarter Ended March 31, 2026

Announces Authorizations for Additional Share Buyback and Monetization of a Portion of Spotify Stake Q1 2026 Results Highlights 1 Revenue of €2,900 million was flat year-over-year, while it grew 8.1% in constant currency, with the consolidation of Downtown Music Holdings ("Downtown"), initial pricing benefits of Streaming 2.0 agreements, strong physical sales and healthy synchronization income contributing to growth in Recorded Music and Music Publishing. Recorded Music subscription revenue grew 4.1% year-over-year, or 12.5% in constant currency, benefitting from the consolidation of Downtown, as well as from initial pricing benefits of Streaming 2.0 agreements.