Universal Music Group (UMGNF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.494 We'll be right back. 00:00:04.059 -- 00:00:06.059 We'll 00:00:07.165 -- 00:00:09.846 be right 00:00:16.783 -- 00:00:18.783 back. 00:00:20.720 -- 00:00:22.720 I 00:00:45.024 -- 00:00:46.285 just wanna dance, I just wanna dance. 00:00:46.285 -- 00:00:48.285 Good 00:01:00.109 -- 00:01:04.477 evening and welcome to Universal Music Group's first quarter earnings call for the period 00:01:04.477 -- 00:01:07.479 ended March 31st, 2026. 00:01:08.244 -- 00:01:12.172 My name is Gavin and I'll be your conference operator today. 00:01:12.172 -- 00:01:17.378 Your speakers for today's call will be Sir Lucian Grange, Chairman and CEO of Universal 00:01:17.378 -- 00:01:20.722 Music Group, and Matt Ellis, Chief Financial Officer. 00:01:20.722 -- 00:01:26.369 They will be joined during Q&A by Michael Nash, Chief Digital Officer, 00:01:26.369 -- 00:01:31.635 and Boyd Muir, Chief Operating Officer. All lines have been placed on mute to prevent 00:01:31.635 -- 00:01:34.338 any background noise. 00:01:34.338 -- 00:01:38.294 After the speakers' remarks, there will be a question and answer session. 00:01:38.294 -- 00:01:42.358 If you would like to ask a question during this time, simply press star followed by the 00:01:42.358 -- 00:01:46.523 number one on your telephone keypad. If you would like to withdraw your question, please 00:01:46.523 -- 00:01:52.467 press star one again. As a reminder, this call is being recorded. 00:01:53.009 -- 00:01:57.474 Please also let me remind you that management's commentary and responses to questions 00:01:57.474 -- 00:02:01.698 on today's call may include forward-looking statements, 00:02:01.698 -- 00:02:06.861 which by their nature are uncertain and outside of the company's control. 00:02:07.100 -- 00:02:10.704 Althoug...