Slides
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Universal Music Group Third Quarter Ended September 30, 2026
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Universal Music Group Important Information Presentation The financial information included in this presentation is unaudited. Alternative Performance Indicators This presentation includes certain alternative performance indicators which are not defined in IFRS Accounting Standards issued by the International Accounting Standards Board as endorsed by the EU. For further information on non-IFRS measures used by Universal Music Group, N.V. (the “Company”), see the relevant definitions included in the Press Release reporting the Company’s Financial Results for the Third Quarter and Nine Months Ended September 30, 2026, dated October 29, 2026, which is available on the Company’s website at investors.universalmusic.com/reports.
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Universal Music Group Matt Ellis Chief Financial Officer Universal Music Group
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Universal Music Group 3Q26 Consolidated Results € 664 € 729 3Q25 3Q26 ADJUSTED EBITDA +9.0% € 3,021 € 3,394 3Q25 3Q26 REVENUE +11.7% 22.0% 21.5% 3Q25 3Q26 ADJUSTED EBITDA MARGIN -0.5pp+5.3%* +7.0%* +0.4pp* Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency. Adjusted EBITDA margin variance is at moving FX whereas the Adjusted EBITDA margin variance excluding Downtown Music Holdings is at constant currency *Revenue growth, Adjusted EBITDA growth and Adjusted EBITDA margin variance adjusted to exclude Downtown Music Holdings which was consolidated on 2/20/26.
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Universal Music Group 24.9% 25.0% 3Q25 3Q26 ADJUSTED EBITDA MARGIN +0.1pp € 553 € 640 3Q25 3Q26 ADJUSTED EBITDA +14.9% +12.7%* +1.2pp* 3Q26 Recorded Music Results € 2,223 € 2,559 3Q25 3Q26 REVENUE +14.7% +7.4%* Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency. Adjusted EBITDA margin variance is at moving FX whereas the Adjusted EBITDA margin variance excluding Downtown Music Holdings is at constant currency *Revenue growth, Adjusted EBITDA growth and Adjusted EBITDA margin variance adjusted to exclude Downtown Music Holdings which was consolidated on 2/20/26.
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Universal Music Group 3Q26 Recorded Music Revenue € 1,422 € 387 € 33 € 392 € 325 Subscription Streaming Downloads & Other Digital Physical License & Other RECORDED MUSIC REVENUE BREAKDOWN 3Q25 3Q26 +19.2% +13.5% -15.4% +17.4% +0.3% +9.5%* +4.7%* -30.8%* +17.4%* -2.8%* Note: € in Millions; All growth rates shown in constant currency. *Revenue growth is adjusted to exclude Downtown Music Holdings which was consolidated on 2/20/26.
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Universal Music Group 3Q26 Music Publishing Results 25.8% 23.1% 3Q25 3Q26 ADJUSTED EBITDA MARGIN € 140 € 136 3Q25 3Q26 ADJUSTED EBITDA € 543 € 590 3Q25 3Q26 REVENUE +7.5% +1.5%* -3.5% -4.3%* -2.7pp -1.5pp* Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency. Adjusted EBITDA margin variance is at moving FX whereas the Adjusted EBITDA margin variance excluding Downtown Music Holdings is at constant currency *Revenue growth, Adjusted EBITDA growth and Adjusted EBITDA margin variance adjusted to exclude Downtown Music Holdings which was consolidated on 2/20/26.
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Universal Music Group 3Q26 Merchandising & Other Results 5.0% 4.4% 3Q25 3Q26 ADJUSTED EBITDA MARGIN € 13 € 11 3Q25 3Q26 ADJUSTED EBITDA € 259 € 248 3Q25 3Q26 REVENUE -4.6% -15.4% -0.6pp Note: € in Millions; Revenue and Adjusted EBITDA growth shown in constant currency.
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Universal Music Group Matt Ellis Chief Financial Officer Universal Music Group
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Q&A Sir Lucian Grainge Chairman & Chief Executive Officer Matt Ellis Chief Financial Officer Boyd Muir Chief Operating Officer Michael Nash Chief Digital Officer