Entertainment

Universal Music Announces First-Ever Buyback After Share Slump

The Universal Music Group headquarters in Santa Monica, California. — The Universal Music Group headquarters in Santa Monica, California.
Photographer: Bing Guan/Bloomberg

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By Sarah Jacob

March 30, 2026 at 9:10 AM UTC

Universal Music Group NV plans to repurchase €500 million ($575 million) of its shares, the first ever buyback since the record label was listed in 2021.

The buyback will be used toward its incentive compensation plan and to reduce the share capital of the company, the Netherlands-based company said in a statement on Monday.