Universal Music Shares Have Worst Day Since IPO After Subscription Growth Disappoints — 2nd Update

Universal Music Shares Have Worst Day Since IPO After Subscription Growth Disappoints — 2nd Update

Universal Music Group shares crashed 25% after subscription revenue growth missed consensus, growing only 6.7% vs 9.3% expected in Q2. This signals the end of pandemic-driven streaming boom and forces investors to recalibrate digital music economics—a warning for any tech betting on perpetual subscription growth.