Universal Music puts US listing on hold, citing market uncertainty

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Dollar resumes climb on safe haven demand as Iran conflict rages on Gold prices dip as stronger dollar weighs; Iran conflict remains in focus Trump says he must be involved in selecting Iran’s next leader Oil extends weekly gains as Iran conflict rages on, with crude surging around 20% (South Africa Philippines Nigeria) Universal Music puts US listing on hold, citing market uncertainty By Stock Markets Published 03/05/2026, 12:11 PM Updated 03/05/2026, 02:24 PM Universal Music puts US listing on hold, citing market uncertainty 0 UMG 2.54% By Leo Marchandon March 5 - Universal Music Group , the world’s biggest music label, on Thursday put plans for a stock market listing in the United States on hold, citing market uncertainty. UMG said market conditions had pushed its valuation to a level it considered to be lower than what it is worth. The company said it would provide an update should conditions change. The decision walks back on an agreement with billionaire investor Bill Ackman’s Pershing Square, which had exercised its right to request a U.S. offering and had argued a New York listing would boost UMG’s share price and liquidity. UMG reported full-year 2025 revenue of 12.5 billion euros ($14.5 billion), up 8.7% year-on-year at constant currency rates. The group’s artists dominated global charts in 2025 for the third consecutive year, claiming 9 of the top 10 spots on the IFPI Global Artist Chart, led by Taylor Swift, KPop band Stray Kids, and Drake, while the KPop Demon Hunters soundtrack was among the year’s biggest sellers. NEW STREAMING DEALS UMG said that it had secured new "Streaming 2.0" agreements with Spotify and Alphabet’s YouTube in 2025, advancing on its strategy to boost revenue from dedicated "superfans" over casual listeners by emphasizing merchandise sales and premium subscription tiers. Premium subscriptions’ revenue grew 5.6% to 4.88 billion euros, outpacing overall streaming revenue growt...