![]() 0% in the 2022 calendar year, from €24.47 at Euronext’s close on January 4 to €22.51 on Friday (December 30). Things look very different today – and that’s largely to do with the performance of Universal and Warner’s stock in the second half of 2022.Īmid macroeconomic turbulence, Universal Music Group’s share price on the Euronext fell by 8. On the same date (December 6, 2021), Warner Music Group’s market cap on the NASDAQ weighed in at USD $21.46 billion… less than half that of Spotify’s. On December 6, 2021, Spotify and UMG’s valuations were remarkably close, with UMG worth EUR €45.20 billion on the Amsterdam Euronext, and Spotify worth USD $44.44 billion on the NYSE. ![]() Spotify: Which of music’s two giants will be worth more at the end of 2021?’ ![]() This is all a far cry from a year ago, when MBW was asking: ‘Universal vs. Universal and Warner: the big difference in 2022 In other words, UMG’s public valuation was worth nearly three times that of Spotify’s. UMG ended its 2022 trading on Friday on the Amsterdam Euronext with a €22.51 share price, equivalent to a market cap of EUR €40.82 billion.Īt current exchange rates, that EUR market cap for Universal is worth USD $43.70 billion. Perhaps the most painful comparison for Spotify, however, comes via music’s largest global rightsholder – Universal Music Group.
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