(Finance) – Universal Music Group (UMG), the world’s largest music label, closed 2021 with a revenue € 8,504 million, representing 17% year-over-year growth at constant currency, driven by strong growth across all segments. L’Adjusted EBITDA increased 20.9% yoy at constant currency and the Adjusted EBITDA margin improved 0.9 percentage points year-on-year to 21%. Adjusted EBITDA was € 1.79 billion, up from € 1.50 billion in 2020 and the € 1.78 billion expected by analysts.
“We are generating a solid free cash flow Although we continue to opportunistically and selectively invest in artists and catalogs that will add to the long-term health of our business – said CFO Boyd Muir – Our core business is well positioned for a 2022 strong“.” In addition to excellent streaming performance, we have created new areas of opportunity for our artistsranging from merchandising to brand management, sponsorship, e-commerce and film and television, “said CEO Lucian Grainge.