Core Insights - SPAR Group, Inc. has appointed Mr. Steven Hennen as the new Chief Financial Officer effective December 8, 2025, succeeding Antonio Calisto Pato [1] - Hennen brings over 25 years of financial and operational leadership experience, having previously served as President and CFO of Baker & Taylor LLC and held senior roles at Red Ventures and other companies [2] - The transition aims to enhance SPAR's financial capabilities and support its growth strategy [2][3] Company Overview - SPAR Group is an innovative services company providing merchandising, marketing, and distribution solutions to retailers and brands in the U.S. and Canada [4] - The company focuses on improving brand experiences and transforming retail spaces through a unique combination of scale and flexibility [4]

MANCHESTER, England--(BUSINESS WIRE)--Manchester United plc (NYSE: MANU), announces that it will report results for the first quarter fiscal 2026 period ended 30 September 2025 via press release on 11 December 2025 at 7:00 AM EST. Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth. Through our 148-year football heritage we have won 69 trophies, enabling us to develop what we believe is one of the world's leading sp ...

Core Insights - Universal Music Group N.V. (UMG) reported strong financial results for Q3 2025, with revenue growth across all business segments, reflecting the company's strategic initiatives and global expansion efforts [4][6][8]. Financial Results Summary Q3 2025 Results - Revenue for Q3 2025 was €3,021 million, an increase of 5.3% year-over-year, or 10.2% in constant currency [6][8]. - EBITDA for the quarter was €594 million, up 6.8% year-over-year, with an EBITDA margin of 19.7% [9][10]. - Adjusted EBITDA for Q3 2025 was €664 million, reflecting a 6.9% increase year-over-year, with an adjusted EBITDA margin of 22.0% [10][11]. Year-to-Date (YTD) 2025 Results - For the nine months ended September 30, 2025, revenue was €8,902 million, a 6.0% increase year-over-year, or 8.0% in constant currency [11][12]. - EBITDA for the nine months was €1,808 million, growing 11.2% year-over-year, with an EBITDA margin of 20.3% [12][13]. - Adjusted EBITDA for the nine months was €2,000 million, up 7.4% year-over-year, with an adjusted EBITDA margin of 22.5% [13][14]. Segment Performance Recorded Music - Recorded Music revenue for Q3 2025 was €2,223 million, a 3.6% increase year-over-year, or 8.3% in constant currency [15][16]. - Subscription revenue grew 3.6% year-over-year, while streaming revenue declined 4.8% year-over-year [15][16]. - For the nine months, Recorded Music revenue was €6,687 million, up 5.6% year-over-year, with subscription revenue of €3,627 million growing 6.8% [16]. Music Publishing - Music Publishing revenue for Q3 2025 was €543 million, an 8.6% increase year-over-year, or 13.6% in constant currency [18][19]. - Digital revenue within Music Publishing grew 10.8% year-over-year, reflecting the growth of streaming and subscription revenue [19][20]. - For the nine months, Music Publishing revenue was €1,667 million, a 10.5% increase year-over-year [20]. Merchandising and Other - Merchandising and Other revenue for Q3 2025 was €259 million, up 9.3% year-over-year, or 15.6% in constant currency, driven by higher touring merchandise sales [22][23]. - For the nine months, Merchandising and Other revenue was €563 million, a decrease of 2.6% year-over-year, but stable in constant currency [23].

Core Insights - SPAR Group, Inc. will participate in the 16th Annual Midwest IDEAS Investor Conference on August 27, 2025 [1] - The company will host one-on-one investor meetings and a presentation scheduled from 11:30 AM to 12:05 PM CT [2] - The presentation will be webcast live and available for replay shortly after [2] Company Overview - SPAR Group is a leading provider of merchandising and marketing services in North America with over 50 years of experience [3] - The company conducts an average of 30,000+ store visits weekly and maintains long-term relationships with major manufacturers and retailers [3] - SPAR Group's unique combination of scale, merchandising, and marketing expertise distinguishes it from competitors [3]

Core Insights - Universal Music Group N.V. (UMG) reported strong financial results for Q2 and H1 2025, driven by growth in Recorded Music and Music Publishing segments [4][10][14] Financial Performance - Q2 2025 revenue reached €2,980 million, a 1.6% increase year-over-year, or 4.5% in constant currency, with growth in Recorded Music and Music Publishing [6][8] - H1 2025 revenue was €5,881 million, up 6.4% year-over-year, or 6.9% in constant currency, attributed to improvements in both segments [10][14] - Adjusted EBITDA for Q2 2025 was €676 million, a 4.2% increase year-over-year, or 7.3% in constant currency, with an Adjusted EBITDA margin of 22.7% [6][9] - H1 2025 Adjusted EBITDA was €1,336 million, up 7.7% year-over-year, or 8.5% in constant currency, maintaining an Adjusted EBITDA margin of 22.7% [12][14] Segment Performance Recorded Music - Q2 2025 Recorded Music revenue was €2,224 million, a 1.1% increase year-over-year, or 3.9% in constant currency, with subscription revenue growing 5.3% and streaming revenue increasing 4.4% [20][21] - H1 2025 Recorded Music revenue totaled €4,464 million, up 6.5% year-over-year, or 7.0% in constant currency [21] - Recorded Music EBITDA for H1 2025 was €1,092 million, improving 13.9% year-over-year, with an EBITDA margin of 24.5% [23] Music Publishing - Q2 2025 Music Publishing revenue was €570 million, an 11.5% increase year-over-year, or 14.5% in constant currency, driven by digital revenue growth [25][26] - H1 2025 Music Publishing revenue reached €1,125 million, up 11.6% year-over-year, or 12.1% in constant currency [27] - Music Publishing EBITDA for H1 2025 was €252 million, a 10.0% increase year-over-year, with an EBITDA margin of 22.4% [28] Merchandising and Other - Q2 2025 Merchandising and Other revenue declined to €192 million, down 15.4% year-over-year, or 12.7% in constant currency, due to lower direct-to-consumer sales [30] - H1 2025 revenue for Merchandising and Other was €305 million, a 10.6% decrease year-over-year, attributed to the same factors [31] Profitability Metrics - Net profit attributable to equity holders for H1 2025 was €1,432 million, compared to €914 million in H1 2024, resulting in an EPS of €0.78 [14] - Adjusted net profit for H1 2025 was €882 million, leading to an Adjusted EPS of €0.48, up from €0.44 in H1 2024 [14] Cash Flow and Dividends - Net cash provided by operating activities before income tax paid increased to €488 million in H1 2025, compared to €436 million in H1 2024 [15] - An interim dividend of €440 million, or €0.24 per share, was declared for H1 2025 [17] Debt Position - Net debt at the end of H1 2025 was €2,734 million, an increase from €2,098 million at the end of 2024, primarily used for investing activities and dividends [18]

Core Viewpoint - Universal Music Group N.V. has confidentially submitted a draft registration statement for a proposed public offering of its ordinary shares held by certain shareholders, with no proceeds going to the company from this sale [1]. Group 1 - The offering is subject to SEC review and market conditions, with the number of shares and price range yet to be determined [1]. - The company will not receive any proceeds from the sale of ordinary shares by the selling shareholders [1]. Group 2 - Universal Music Group is a leader in music-based entertainment, involved in recorded music, music publishing, merchandising, and audiovisual content [3]. - The company has a comprehensive catalogue of recordings and songs across various musical genres, focusing on artist development and distribution of successful music [3]. - UMG is committed to fostering innovation and entrepreneurship to enhance opportunities for artists and create new experiences for fans [3].

Core Insights - Universal Music Group N.V. (UMG) reported strong financial results for Q1 2025, highlighting a successful execution of its strategic plan and growth in key revenue areas [3][4][5]. Financial Performance - Revenue for Q1 2025 reached €2,901 million, marking an 11.8% increase year-over-year, or 9.5% in constant currency, driven by growth in Recorded Music and Music Publishing [6][8]. - EBITDA for the quarter grew 23.1% year-over-year to €603 million, with an EBITDA margin of 20.8%, up from 18.9% in Q1 2024 [7][8]. - Adjusted EBITDA was €661 million, reflecting an 11.8% increase year-over-year, with a consistent Adjusted EBITDA margin of 22.8% [7][8]. Revenue Breakdown - Recorded Music revenue was €2,241 million, up 12.7% year-over-year, with subscription revenue growing 11.5% and streaming revenue increasing 2.9% [10]. - Physical revenue saw a significant increase of 17.6% year-over-year, driven by vinyl sales growth in the U.S. and Europe [10]. - Music Publishing revenue reached €555 million, an 11.9% increase year-over-year, with digital revenue growing 19.4% [12]. Strategic Initiatives - The company emphasized its focus on developing successful artists and songwriters, connecting them with fans through innovative methods [4][5]. - UMG's strategic initiatives are expected to support its mid-term financial objectives, as indicated by the healthy growth across various revenue streams [5]. Market Trends - The shift in consumption from video platforms to short-form platforms is impacting streaming revenue growth, which remains a focus area for UMG [10]. - The decline in downloads and other digital revenue by 13.0% year-over-year reflects ongoing industry trends [10]. Upcoming Events - UMG will host a conference call on April 29, 2025, to discuss these results in detail [15].