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Universal Music Group N.V. (UNVGY) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good evening, and welcome to Universal Music Group’s First Quarter Earnings Call for the period ended March 31, 2026. My name is Gavin and I will be your conference operator today. Your speakers for today’s call will be Sir Lucian Grainge, Chairman and CEO of Universal Music Group; and Matt Ellis, Chief Financial Officer. They will be joined during Q&A by Michael Nash, Chief Digital Officer; and Boyd Muir, Chief Operating Officer. [Operator Instructions]

As a reminder, this call is being recorded. Please also let me remind you that management’s commentary and responses to questions on today’s call may include forward-looking statements, which, by their nature, are uncertain and outside of the company’s control. Although these forward-looking statements are based on management’s current expectations and beliefs, actual results may vary in a material way.

For a discussion of some of the factors that could cause actual results to differ from expected results, please see the Risk Factors section of UMG’s 2025 annual report, which is available on the Investor Relations page of UMG’s website at universalmusic.com. Management’s commentary will also refer to non-IFRS measures on today’s call. Reconciliations are available in the press release on the Investor Relations page of UMG’s website.

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Thank you. Sir Lucian, you may begin your conference.

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Procter & Gamble: Good Business, Fair Price, Limited Upside

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Procter & Gamble: Good Business, Fair Price, Limited Upside

Procter & Gamble: Good Business, Fair Price, Limited Upside

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Arrive three hours before flight home, airline boss tells UK holidaymakers

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Arrive three hours before flight home, airline boss tells UK holidaymakers

Wizz Air CEO Yvonne Moynihan also advises passengers to carry portable chargers and water due to lengthy queues.

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Exxon Mobil: Sell If The Iran War Ends

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Middle East Conflict: The Exxon Mobil Advantage

Exxon Mobil: Sell If The Iran War Ends

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Taiwan says it will not be ‘silenced’ after China expels NYT reporter

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Taiwan says it will not be ‘silenced’ after China expels NYT reporter

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Is wi-fi on UK trains really that bad? Here’s what I found

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Is wi-fi on UK trains really that bad? Here's what I found

Rebecca, 36, takes the train about six times a month in her role as head of operations for a charity, and spends her journeys sending emails and instant messages as well as using software. The connection can be mixed, and sometimes the wi-fi “doesn’t work at all”, she says.

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New fund offers: 1 mutual fund and 1 SIF to open for subscription this week. Check details

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New fund offers: 1 mutual fund and 1 SIF to open for subscription this week. Check details

One mutual fund and one specialised investment fund (SIF) will open for subscription this week, offering investors exposure to passive and hybrid long-short strategies. HSBC Mutual Fund and Motilal Oswal Mutual Fund are launching the schemes. Investors should align fund selection with their risk profile and financial objectives.

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Bitmine Immersion: An Ethereum Treasury Trading Below Its Own Assets

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Bitmine Immersion: An Ethereum Treasury Trading Below Its Own Assets

Bitmine Immersion: An Ethereum Treasury Trading Below Its Own Assets

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Meteor fireball triggered loud boom across New England, NASA confirms

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Meteor fireball triggered loud boom across New England, NASA confirms

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Will private credit infect public markets?

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Will private credit infect public markets?

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5 equity mutual funds offer up to 24% annualised return on SIP investments in 10 years. Check details

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5 equity mutual funds offer up to 24% annualised return on SIP investments in 10 years. Check details

Five equity mutual funds, led by small-cap schemes, have delivered strong SIP returns over the past decade, with some exceeding 20% annually. The data highlights the potential of disciplined long-term investing, while reinforcing that investors should align fund selection with risk appetite, goals and investment horizon rather than past performance alone.

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