Subscription and streaming revenues are now 46% of Universal Music Group’s recorded-music revenues, according to financial results published by its parent company Vivendi.
They revealed a 14.8% year-on-year rise in UMG’s Q1 revenues to €1.29bn ($1.4bn), including a 14.2% rise in recorded-music income to €1.02bn.
Within the latter segment, streaming revenues grew by 49% year-on-year to €467m; and physical sales fell 5.6% to €226m.
In its analysis of the figures, MBW calculated that download sales fell by 21% to €155m – overtaken by UMG’s ‘licensing and other’ category of income for the first time.
UMPG’s publishing revenues rose by 17.1% to €220m in the first quarter, meanwhile, with digital and sync income key to that growth.
Overall, UMG’s earnings before interest, tax and amortisation (EBITA) jumped by 71.3% to €134m.
But getting back to streaming for a moment: UMG’s recorded-music division is now pulling in $165m a month from streaming and subscriptions, while rival Warner Music’s recent financials showed that it’s generating $100m a month from this source.
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