Universal Music Group Revenues Pass $7.7 Billion in 2019, IPO Planned By 2023

The Universal Music Group's revenues passed $7.7 billion (€7.16 billion) in 2019, up 14% at constant currency thanks to another strong surge in streaming revenue, which was up 21.5% year over year. Recorded music revenues were up 11.6% year over year, while the publishing division's revenues increased 9.2%, both at constant currency.

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