Global music collections revenue reached a record $11.4 billion in 2022, marking a 28% increase. Taylor Swift continues to be a major source of revenue for Universal Music, contributing to their strong performance in Q3. Universal Music Group's Q3 revenue hit $2.75 billion, driven by subscription gains and Taylor Swift's dominance. Other superstars like Olivia Rodrigo also contributed to Universal Music's Q3 revenue, which reached $3 billion.
Universal Music revenues hit $3bn in Q3, driven by sales from superstars like Olivia Rodrigo and Taylor Swift (@murraystassen - @musicbizworld) https://t.co/kuyWrteS6W
Taylor Swift helps fuel Universal Music Group's third-quarter revenue https://t.co/2tKpOM8n3c https://t.co/HZuLOJghTE
Taylor Swift helps fuel Universal Music Group's third-quarter revenue https://t.co/eYgqkA1MaI https://t.co/M13PCUOruY
Universal Music Group Q3 Revenue Hits $2.75B on Subscription Gains, Taylor Swift Dominance https://t.co/LGY5EcSVLB
Taylor Swift helps fuel Universal Music Group's third-quarter revenue https://t.co/FVx6NWDCj4 https://t.co/iJINXyNxso
Taylor Swift continues to be a moneymaker for Universal Music in Q3 https://t.co/SD3JnVvqGg https://t.co/2kbwPNFcZn
Global Music Collections Revenue Up 28% to Record $11.4B in 2022 https://t.co/nCBrYIuFPn