UMG Posts Nice Quarterly Gain; Broader Year Problematic
Universal Music Group (UMG) posted a considerable earnings gain during the fourth quarter, according to figures released Monday by parent Vivendi. But the broader year produced gaping revenue and earnings drops, suggesting a continued search for the bottom. As the quarter wrapped, EBITDA (earnings before interest, taxes, depreciation and amortization) gained 11.9 percent to €311 … Continue reading UMG Posts Nice Quarterly Gain; Broader Year Problematic
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