Half Year 2025 Universal Music Group NV Earnings Call Transcript
Good evening and welcome to Universal Music Group, second quarter and first half earnings call for the period ended June 30, 2025. My name is Drew, 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 Boyd Muir, Chief Operating Officer. They will be joined during Q&A by Michael Nash, Chief Digital Officer, and Matt Ellis, Chief Financial Officer.
All lines have been placed on mute to prevent any background noise. After the speaker's 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 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
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