Universal Music Group (UMGNF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

executive vice president and chief digital officer. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press star followed by two. As a reminder, this call is being recorded. Please also let me remind you that management's commentary and responses to questions on today's call may include forward-looking statements, which by their nature are uncertain and outside of the company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results may vary in a material way. For a discussion of some of the factors that could cause actual results to differ from expected results, please see the risk factors section of UMG's 2024 annual report, which is available on the investor relations page of UMG's website at universalmusic.com. Management's commentary will also refer to non-IFRS measures on today's call. Reconciliations are available in the press release on the investor relations page of UMG's website. Thank you. Solution, you may begin your conference. Thank you for joining us on Universal Music Group's earnings call for the first quarter of 2025. I'm pleased to report to you today that financially, commercially, and strategically, the year is off to a very strong start. In a few minutes, Boyd will dive into the numbers with you, but the headline is revenue is up 9.5% and adjusted EBITDA is up 10%. In addition, during the quarter, we've continued to make progress on our key strategic initiatives, the global expansion of our business, the market a...