Trending on Billboard In the first half of 2026, the Universal Music Group (UMG) continued positive forward momentum with healthy overall revenue growth and managed to maintain internal profitability levels for the period. But overall net profitability was impacted by costs related to consolidating the Downtown acquisition, higher than usual legal fees and financial expenses, and going up against 2025’s first-half profitability, which was boosted by a high-margin settlement. For the six-month period ended June 30, UMG revenue grew to 6.194 billion euros ($7.195 billion), up 5.3% (10.8% on a constant currency basis) from the prior year’s first half, when the...