Universal Music Group - Music distribution
reported 13.3% organic growth and beat expectations last quarter. The company also named former CEO of Paramount Pictures Sherry Lansing as chair earlier this year."We expect the stock to rally into earnings, due in early March. We think consensus forecasts for Subscription & Streaming revenue growth and margins in 2023 are too low and believe FY'22 earnings will be a catalyst for a reassessment of both metrics by investors.
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