Universal Music Group N.V. (UMGNF) Q3 2024 Earnings Call Transcript

Universal Music Group N.V. (OTCPK:UMGNF) Q3 2024 Earnings Conference Call October 30, 2024 1:15 PM ET

Company Participants

Sir Lucian Grainge – Chairman and Chief Executive Officer
Boyd Muir – Executive Vice President, Chief Financial Officer
Michael Nash – Executive Vice President, Chief Digital Officer

Conference Call Participants

William Packer – BNP Paribas
Adam Berlin – UBS
Edward Young – Morgan Stanley
Michael Morris – Guggenheim Partners
Devin Brisco – Wolfe Research
James Heaney – Jefferies

Operator

Good evening, and welcome to Universal Music Group’s Third Quarter Earnings Call for the period ended September 30, 2024. My name is Nadia, and I’ll be your conference operator today. Your speakers for today’s call will be Sir Lucian Grange, Chairman and CEO of Universal Music Group; and Boyd Muir, Executive Vice President CFO and President of Operations. They will be joined during Q&A by Michael Nash, Executive Vice President and Chief Digital Officer. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. [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 2023 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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