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# UMG To IPO As Annual Revenues Pass $2.28B
- URL: https://www.hypebot.com/umg-to-ipo-as-annual-revenues-pass-2-28b/
- Published: 2020-02-13T19:49:12.000Z
- Updated: 2020-02-13T19:49:13.000Z
- Description: An initial public offering (IPO) for Universal Music Group is “currently planned for early 2023 at the latest,” parent company Vivendi posted in a presentation to shareholders. Last week, the. Continue reading [https://www.hypebot.com/hypebot/2020/02/umg-to-ipo-as-annual-revenues-pass-2-28b.html]
- Author: Bruce Houghton
- Tags: Major Labels, Music Business, Streaming, UMG, Universal Music Group, #wp, #wp-post, #Import 2026-01-21 09:55

An initial public offering (IPO) for Universal Music Group is “currently planned for early 2023 at the latest,” parent company Vivendi posted in a presentation to shareholders.

Last week, the Warner Music Group announced plans its own plan to IPO with no specific target date.

Late last year Tencent Music bought a 10% stake in UMG at a $33 billion valuation.

Also from the filing, UMG revenues surpassed $7.7 billion in 2019, up 14% at constant currency thanks to growth streaming revenue, which grew more than 21.5% year over year.

For the fourth quarter of 2019, UMG racked up $2.28 billion in revenue, up from $2.06 billion in the same period in 2018.