Instagram/Lucian Grainge & Bill Ack Music Universal Music Group posts flat Q1 revenue at €2.9B, but constant currency shows 8.1% growth; EBITDA dips 5.3% despite 19th straight quarter of adjusted g... April 30, 2026 AceShowbiz - Universal Music Group reported stable first-quarter revenue of 2.9 billion euros ($3.33 billion), with results tempered by currency fluctuations and a strong performance comparison from the previous year. Based in the Netherlands, UMG commonly reports earnings on a constant currency basis, which eliminates the effects of foreign exchange volatility.