Universal Music Group NV at JPMorgan Global Technology, Media and Communications Conference Transcript
Okay. Good morning. My name is Daniel Kerven. I'm part of JPMorgan's European media research team. We're very pleased to have Universal Music with us in Boston today for the first time and to welcome Matt Ellis, CFO.
Thank you. Great to be here.
Questions & Answers
We've got a lot to get through, so we're going to get straight into it. Matt, Q1 streaming growth was only 8% despite the initial benefits of streaming 2.0 due to a 2% headwind from lower stream share. What gives you the confidence that your share should stabilize across the rest of this year?
Yeah. So good to be here with everyone today. So as you think about the subscription revenue growth, I think it's worth putting in context over the last couple of years. we've averaged
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