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# UMG Revenues Up 18.6% To $2B In Q3 2019
- URL: https://www.hypebot.com/umg-revenues-up-186-to-2b-in-q3-2019/
- Published: 2019-10-18T09:14:00.000Z
- Updated: 2019-10-18T09:14:00.000Z
- Description: Universal Music Group revenue was up an impressive 18.6% for a total of $2 billion last quarter. The jump was driven by streaming and merchandise revenue along with the releases. Continue reading [https://www.hypebot.com/hypebot/2019/10/umg-revenues-up-186-to-2b-in-q3-2019.html]
- Author: Bruce Houghton
- Tags: Major Labels, Music Business, DIY, DIY musicians, indie, music, music industry, musician, musicians, UMG, #wp, #wp-post, #Import 2026-01-21 09:55

[![UMG square](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a492cc71200c-200wi "UMG square")](https://hypebot.typepad.com/.a/6a00d83451b36c69e20240a492cc71200c-popup?ref=hypebot.com)Universal Music Group revenue was up an impressive 18.6% for a total of $2 billion last quarter. The jump was driven by streaming and merchandise revenue along with the releases by superstars like Billie Eilish, Taylor Swift and Ariana Grande.**Highlights**
- **Universal Music Group’s (UMG) revenues amounted to €3,258 million, up 18.6%** at constant currency and perimeter compared to the first half of 2018 (+24.0% on an actual basis).
- **Recorded music revenues grew by 16.9%** at constant currency and perimeter thanks to the growth in subscription and **streaming revenues (+25.5%)** and strong **physical sales in the first half of 2019 (+15.0%),** which more than offset the continued decline in download sales (-19.7%).
- Recorded music best sellers for the half-year of 2019 included new releases from **Ariana Grande, Billie Eilish and the Japanese bands King & Prince and back number**, as well as continued sales of the soundtrack from **A Star Is Born** and multiple albums from **Queen.**
- On the **Spotify Global Chart, UMG had eight of the top 10 songs for the first half of 2019,** including all of the top six, with Ariana Grande’s 7 Rings at No. 1\. UMG also represented the No. 1 song for the entire 26 weeks of the first half of 2019.
- According to **Nielsen’s Mid-Year 2019 Music Report**, in the U.S., the world’s largest music market, **UMG had six of the top 10 artists**, including all of the top 5 (Ariana Grande, Drake, Billie Eilish, Post Malone and Queen); eight of the top 10 albums, including the Top 2 (Ariana Grande, Billie Eilish); and seven of the top 10 songs (based on  
digital consumption).
- In the United Kingdom, based on OCC (Official Charts Company) data, **UMG had six of the top 10 singles** of the first half of 2019, including Lewis Capaldi at No. 1, and six of the top 10 albums.
- **Music publishing revenues grew by 10.5%** at constant currency and perimeter compared to the first half of 2018, also driven by increased subscription and streaming revenues.
- **Merchandising and other revenues were up 82.3%** at constant currency and perimeter compared to the first half of 2018, thanks to increased touring activity and D2C (direct-to-consumer) revenues.
- **Driven by revenue growth, UMG’s EBITA amounted to €481 million, up 43.6%** at constant currency and perimeter compared to the first half of 2018 (+47.3% on an actual basis). In the first half of 2019, the EBITA margin increased by 240 points to 14.8%.