💨 Abstract

The world’s biggest music label posted adjusted core earnings (EBITDA) of 591 million euros ($632.6 million), up 15.9% year-on-year and above the 567 million expected by analysts in a Visible Alpha consensus. The huge commercial success of Swift, UMG’s star act, has boosted the group’s earnings through royalties from streaming, album sales, and concert tickets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖