UNVGY - Universal Music Group N.V. (UMGNF) Q1 2024 Earnings Call Transcript

2024-05-04 11:42:05 ET

Universal Music Group N.V. (UMGNF)

Q1 2024 Results Conference Call

May 02, 2024 12:15 PM ET

Company Participants

Lucian Grainge - Chairman & Chief Executive Officer

Boyd Muir - Executive Vice President, Chief Financial Officer & President of Operations

Michael Nash - Executive Vice President & Chief Digital Officer

Conference Call Participants

William Packer - BNP Paribas

Adrien de Saint Hilaire - Bank of America Merrill Lynch

Thomas Singlehurst - Citigroup

Omar Mejias - Wells Fargo

Lisa Yang - Goldman Sachs

Conor O'Shea - Kepler Cheuvreux

Michael Morris - Guggenheim Partners

Presentation

Operator

Good evening, and welcome to Universal Music Group's First Quarter Earnings Call for the period ended March 31, 2024. My name is Nadia, and I will be your conference operator today.

Your speakers for today's call will be Sir Lucian Grainge, Chairman and CEO of Universal Music Group; and Boyd Muir, Executive Vice President; CFO and President of Operations. They will be joined, during Q&A, by Michael Nash, Executive Vice President and Chief Digital Officer.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, this call is being recorded.

Please also let me remind you that management's commentary and responses to questions on today's call may include forward-looking statements, which, by their nature, are uncertain and outside of the Company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results may vary in a material way.

For a discussion of some of the factors that could cause actual results to differ from expected results, please see the Risk Factors section of UMG's 2023 annual report, which is available on the Investor Relations page of UMG's website at universalmusic.com. Management's commentary will also refer to non-IFRS measures on today's call. Reconciliations are available in the press release on the Investor Relations page of UMG's website....

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