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Universal Music Reports 4.3% Revenue Growth for Third Quarter, Despite Streaming Decline
Jem Aswad Executive Editor, Music UPDATED: Universal Music Group, the world’s largest music company, reported revenue of €2,870 million for the third quarter — an increase of 4.3% year-over-year, or 4.9% in constant currency, although it noted that “excluding a prior-year item affecting comparability,” revenue actually grew 6.3% year-over-year, or 7.0% in constant currency. Top sellers for the quarter included Taylor Swift, Sabrina Carpenter, Billie Eilish, Chappell Roan and Post Malone.
