It is mainly engaged in recording, publishing and selling music. It has 3 million records, including ABBA, U2, Rolling Stones, elton john, Lady Gaga, Taylor Swift and other famous artists in various periods.
In the past 2020, Universal Music's artists occupied four seats among the top five artists in the world selected by Spotify, won the Artist and Composer of the Year Award of Apple Music, and swept the top ten artists selected by the International Federation of Recording Industry.
Thanks to the explosive growth of streaming music and the surge in sales of vinyl records, Universal Music achieved revenue of 7.432 billion euros last year, increasing for the sixth consecutive fiscal year, and the profit attributable to shareholders was 65.438+36.6 billion euros.
In the semi-annual report ending June 30th, 20021,the company achieved revenue of 383 1 billion euros, up by 10.7% year-on-year, but the actual profit declined due to the increase of financial expenditure. Among them, the income from music recording business is 365,438+37 million euros, and the income from publishing and sales is 564 million euros and 654,38+38 million euros respectively.