Taylor Swift continues to be a moneymaker for Universal Music in Q3

Taylor Swift continues to be a moneymaker for Universal Music in Q3

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Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group in the third quarter, the world’s largest record label said Wednesday.

Total revenue was 2.75 billion euros ($2.9 billion) in the quarter, up 3.3%.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) stood at 581 million euros ($612 million), up 5.1%, the company reported.


Taylor Swift attends the "Taylor Swift: The Eras Tour" concert movie premiere in Los Angeles on Oct. 11.
Taylor Swift attends the “Taylor Swift: The Eras Tour” concert movie premiere in Los Angeles on Oct. 11.
Getty Images for TAS

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Total revenue rose 3.3% to nearly $3 billion in the quarter.
REUTERS

The top sellers for the quarter included Swift, Seventeen, Morgan Wallen, Olivia Rodrigo and King & Prince.



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