From Music Business Worldwide · · 1m 20s
Universal Music's $3.90bn Q3 Revenue and Spotify's AI Remix Gambit
Universal Music Group reports $3.90 billion Q3 revenue while Spotify prepares AI remix tool launch for Q1 2027.
In brief
Universal Music Group reports $3.90 billion Q3 revenue while Spotify prepares AI remix tool launch for Q1 2027. Universal Music Group generated $3.90 billion in Q3 revenue, up 11.7% YoY, as Spotify plans AI covers and remixes tool launch for Q1 2027. Originally reported by Music Business Worldwide.
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Universal Music Group reports $3.90 billion Q3 revenue
Universal Music Group generated $3.90 billion in Q3 revenue, up 11.7% YoY, driven by subscription revenue, physical sales and artists including Mrs. GREEN APPLE, Olivia Rodrigo, Stray Kids, Ariana Grande, and The Beatles.
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What matters most
Universal Music Group generated $3.90 billion in Q3 revenue, up 11.7% YoY, as Spotify plans AI covers and remixes tool launch for Q1 2027.
