Universal Music Aims to Boost Growth By Harnessing Superfans.

INVESTORS; SWIFT, Taylor, 1989-; UNIVERSAL Music Group Inc.; STOCK prices; BUSINESS revenue; INVESTMENT advisors; ADVERTISING revenue

Universal Music Group NV, the record label representing artists such as Taylor Swift, aims to achieve over 7% sales growth for the next five years. The company plans to achieve this growth through subscription revenue and by capitalizing on the support of superfan monetization. Universal Music also targets adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) above 10% through 2028. The company's shares rose following the announcement of these financial targets. Universal Music expects subscription revenue to grow between 8% and 10% compounded annually. Despite some challenges with advertising revenue growth and social media distribution, the company's revenue has been boosted by successful merchandising, particularly from Taylor Swift's Eras Tour. Universal Music Group NV went public in Amsterdam in 2021 and has prominent shareholders such as Bill Ackman. [Extracted from the article]

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