Universal Music Group: Make Use Of AI Worry And The Mistaken Post-Earnings Selloff

Recording equipment in a professional recording studio

FilippoBacci/E+ by means of Getty Images

Universal Music Group ( OTCPK: UMGNF) ( OTCPK: UNVGY) revealed its Q1-23 results, reporting an earnings boost of 11.5% and an adjusted EBITDA boost of 14.7%, compared to the previous year duration. In spite of the outstanding numbers, a non-recurring expenditure and financier worry

Information by YCharts

Reconciliation of adjustments, table

Universal Music Group Q1-23 Earning Release

Calculation table

Produced and determined by the author utilizing information from UMG’s reports and details offered on the business’s making calls

Financial model graph

Produced by the author based upon information from UMG’s monetary reports and the author’s forecasts

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