It's nearly over, folks – we’ve had most of the big music-oriented results now – and the takeaway by the market seems to be one of cautious approval, with a keen eye on the future. To recap, UMG’s subscription revenue growth was 6.7% in Q2, down from 7.9% in Q1 2026. That seemed to wobble confidence and resulted in a 25% drop in the company’s share price. Meanwhile, Spotify's shares post-report initially fell 5.9%, due to per-share earnings com…
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