Universal Music Group Shares Jump Following Strong Q3 Streaming Revenue Growth

Universal Music Group (UMG) saw its share price increase by 7.9% on October 30, 2026, adding approximately $2.5 billion to its market valuation. This surge followed the announcement of stronger-than-expected subscription streaming growth in its third-quarter financial results, which showed a 9.5% year-on-year increase in recorded music subscription revenue at constant currency. The results suggest new momentum for the world's largest music company amidst previous concerns about slowing streaming revenue.