UMG’s 2011 revenues were €4.2bn, down 5.7% year-on-year. Digital music sales grew 9.6% in the same period, and accounted for 33.6% of UMG’s recorded music revenues in 2011. UMG’s earnings before interest, tax and amortisation expenses (EBITA) increased 7.6% year-on-year to €507m. However, in Q4 2011 specifically, UMG’s revenues were €1.4bn – down 11% year-on-year – although its EBITA rose 15.9% to €263m. Read More

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