Annual Report

The report presents Universal Music Group's 2025 consolidated revenue of €12,507 million, up 5.7% year over year, alongside continued growth in its core music businesses. It reports SBTi-approved emissions targets, including a 58% absolute reduction target for Scope 1 and 2 emissions by 2032 from a 2019 base year. The report includes a voluntary, ESRS-aligned Sustainability Statement covering climate, workforce, supply chain, governance, and EU Taxonomy disclosures. EY Accountants B.V. provided limited assurance over the consolidated Sustainability Statement.