Universal Music Group (UMGNF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.176 executive vice president and chief digital officer. 00:00:04.176 -- 00:00:08.061 All lines have been placed on mute to prevent any background noise. 00:00:08.061 -- 00:00:10.964 After the speaker's remarks, there will be a question and answer session. 00:00:10.964 -- 00:00:15.890 If you would like to ask a question during this time, simply press star followed by the 00:00:15.890 -- 00:00:19.174 number one on your telephone keypad. 00:00:19.174 -- 00:00:22.438 If you would like to withdraw your question, please press star followed by two. 00:00:22.438 -- 00:00:24.240 As 00:00:24.240 -- 00:00:27.802 a reminder, this call is being recorded. 00:00:28.077 -- 00:00:32.223 Please also let me remind you that management's commentary and responses to questions 00:00:32.223 -- 00:00:37.572 on today's call may include forward-looking statements, which by their nature are uncertain 00:00:37.572 -- 00:00:40.536 and outside of the company's control. 00:00:40.536 -- 00:00:44.122 Although these forward-looking statements are based on management's current expectations 00:00:44.122 -- 00:00:48.929 and beliefs, actual results may vary in a material way. 00:00:48.929 -- 00:00:52.395 For a discussion of some of the factors that could cause actual results to differ from 00:00:52.395 -- 00:00:57.745 expected results, please see the risk factors section of UMG's 2024 annual 00:00:57.745 -- 00:01:04.391 report, which is available on the investor relations page of UMG's website at universalmusic.com. 00:01:04.773 -- 00:01:09.680 Management's commentary will also refer to non-IFRS measures on today's call. 00:01:09.680 -- 00:01:13.645 Reconciliations are available in the press release on the investor relations page of 00:01:13.645 -- 00:01:15.567 UMG's websit...