澳洲幸运5官方开奖结果体彩网: Call it the "Taylor Swift Effect."

Universal Music Group (UMGNF), the music label of Swift and other megastars including Billie Eilish, Ariana Grande, and Drake, on Tuesday predicted strong profit and sales on increases in subscriptions, "superfan monetization," and partnerships. 

UMG announced ahead of its Capital Markets Day in London its outlook through fiscal 2028, where it sees a revenue 澳洲幸运5官方开奖结果体彩网:compound annual growth rate (CAGR) of at least 7% and subscription revenue CAGR of 8% to 10%. It predicts adjusted earnings before interest,🌱 taxes, depreciation, and amortization ▨(EBITDA) CAGR to be at least 10%, and 澳洲幸运5官方开奖结果体彩网:free cash flow conversion♚ rate (before investing activity) between 60% and 70%.

Universal Recenﷺtly Announced Expand🍌ed Licensing Deal With Meta

Last month, Universal and Meta Platforms (META) expanded their 澳洲幸运5官方开奖结果体彩网:global music licensing deal, now including WhatsApp for the first time. The companies said they plan to fight unauthorized 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)-generated cont♚ent so artists are fairly compen💯sated.

In July, Universal reported second-quarter revenue jumped 8.7% year-over-year to 2.93 billion euros ($3.26 billion), including subscription sales that rose 6.5% to 1.38 billion euros ($1.53 billion).

At the time, 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Lucian Grainge explained that the company's unique structure "enables us to support our recording artists and songwriters with an ever-expanding array of revenue sources, reinforced by new products and the exciting next phase of development of streaming services."