2024-05-06 14:38:03 ET
Summary
- Universal Music Group continues to outperform and generate market-beating returns.
- The company's strength lies in its ability to discover and manage artists globally, as well as its strong negotiating power with music platforms.
- First-quarter financials show growth in core categories, particularly in the important streaming revenues from ad-based memberships.
Another quarter, another beat from Universal Music Group ( UMGNF ). It continues to amaze me how underrated this company is, despite having Bill Ackman as a big shareholder, and despite being the most prominent name in the music industry, with the strongest portfolio of artists, by far.
But what do we care? We continue to generate market-beating returns with not much volatility....
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Universal Music Group: How Long Will They Stay Under The Radar?