Slide 1: UMG 2024 - 2026 Operating Results by Segment
2024 - 2026 OPERATING RESULTS BY SEGMENT UMG 2024 - 2026 OPERATING RESULTS BY SEGMENT Analysis of unaudited quarterly revenues and operating results by business segment 2024 2025 2026 (millions of euros) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Revenues Recorded Music 1,989 2,200 2,146 2,566 2,241 2,224 2,223 2,7
Slide 2: Recorded Music and Music Publishing Results
2024 - 2026 OPERATING RESULTS BY SEGMENT UMG 2024 - 2026 OPERATING RESULTS BY SEGMENT Recorded Music 2024 2025 2026 (millions of euros) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Recorded Music Revenues 1,989 2,200 2,146 2,566 2,241 2,224 2,223 2,769 2,253 EBITDA 434 526 487 627 538 555 521 668 525 EBITDA margin 21
Slide 3: Merchandising and Other, and Corporate Centres Results
2024 - 2026 OPERATING RESULTS BY SEGMENT UMG 2024 - 2026 OPERATING RESULTS BY SEGMENT Merchandising and Other 2024 2025 2026 (millions of euros) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Merchandising and Other Revenues 114 227 237 264 112 192 259 248 101 EBITDA 4 14 10 14 (4) - 12 7 (10) EBITDA margin 3.5% 6.2% 4