1131 GMT - Universal Music Group's slower-than-expected growth in music streaming has raised investor concerns, AJ Bell's Dan Coatsworth writes in a note. Despite being the world's largest music company and home to nine of the top 10 global recording artists of 2025, UMG hasn't delivered consistent results since going public, he says. The group remains heavily dependent on Spotify and Apple Music for royalty payments, he writes. "If growth isn't supersonic, then investors won't be prepared to pay as much for the shares - hence the de-rating we've seen since last summer." Shares are up 10.6% after Bill Ackman's Pershing Square Capital bid for the company.(najat.kantouar@wsj.com)

(END) Dow Jones Newswires

April 07, 2026 07:31 ET (11:31 GMT)

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