Universal Music Shares Plunged 24% After Quarterly Earnings Revealed Subscription Growth Slowdown ...Middle East

billboard - News
Universal Music Shares Plunged 24% After Quarterly Earnings Revealed Subscription Growth Slowdown
Slowing growth in subscription streaming sent Universal Music Group’s share price down 23.5% following the company’s second-quarter earnings report on Wednesday (July 24).  On Thursday (July 25), UMG shares dropped as far as 19.93 euros ($21.61), 29.8% below Wednesday’s closing price, before closing at 21.70 euros ($23.53) – a 23.5% decline that erased 12.2 billion euros ($13.25 billion) from UMG’s market capitalization.   Related What You Should Know About UMG's Q2 Earnin

Hence then, the article about universal music shares plunged 24 after quarterly earnings revealed subscription growth slowdown was published today ( ) and is available on billboard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Universal Music Shares Plunged 24% After Quarterly Earnings Revealed Subscription Growth Slowdown )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News