0742 GMT - Universal Music Group's fourth-quarter results exceeded expectations and consensus estimates on revenue and profitability, Deutsche Bank Research analyst Silvia Cuneo says in a research note. The analyst maintains a positive long-term view for the record label, but lowers the more bullish 2025 estimates to reflect a more nuanced outlook discussed on the conference call, especially for streaming and merchandising, Cuneo says. Adjusted Ebitda forecast for 2026 is increased slightly thanks to a faster ramp-up of cost savings, she says. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
March 07, 2025 02:42 ET (07:42 GMT)
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