Entertainment Weekly

Universal Music Posts Double-Digit Revenue Growth in First Quarter Since Going Public

Recorded music generated 1.711 billion euros in revenue — up 15.5% from 1.481 billion euros in 2020’s third quarter.Music publishing hit 363 million euros — up 19.8% increase from 303 million euros in 2020’s third quarter.Merchandise and other revenue, which was probably hit hardest by the pandemic, meanwhile brought in 84 million euros — up 13.5% from 74…