Revenue and Profit Forecast
Universal Music is set to announce its fourth-quarter and year-end results for 2023 on Wednesday.
Revenue Expectations
- Revenue is expected to reach 10.9 billion euros ($11.8 billion) in 2023, a slight increase from the previous year's 10.34 billion euros.
Net Profit Forecast
- Analysts predict a net profit of EUR1.14 billion for 2023, surpassing the EUR782 million reported in 2022.
Adjusted EBITDA Analysis
- The adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization is projected to be at EUR2.37 billion, up from EUR2.14 billion in 2022.
Stock Performance
Universal Music's shares have seen a 6% increase since the beginning of the year, currently trading at around EUR27.30 compared to EUR22.50 a year ago.
Key Focus Areas
Streaming & Subscriptions
Barclays analysts suggest that Universal Music's fourth-quarter trends will mirror those of the third quarter. Subscription revenue is expected to be the primary driver of the company's performance, with steady streaming growth anticipated.
Financial Outlook
Deutsche Bank analyst Silvia Cuneo emphasizes the importance of the strong momentum in subscription revenues and the potential impact of cost-saving initiatives on the company's earnings.
Stay tuned for Universal Music's 2023 financial results update.
PREVIOUS POST
