Universal Music suspends US IPO plans due to market uncertainty

Glonghui, March 6｜Universal Music Group, the world's largest music recording company, has shelved its plan to list in the United States due to market uncertainty. This decision deviates from the agreement reached with billionaire Bill Ackman's Pershing Square, which believed that a New York listing would boost Universal Music's stock price and liquidity. Universal Music announced full-year revenue for 2025 of 12.5 billion euros, representing an 8.7% year-on-year increase at constant exchange rates. In 2025, Universal Music's artists dominated the global charts for the third consecutive year, occupying nine of the top ten spots on the IFPI Global Artist Chart, led by Taylor Swift, KPOP group Stray Kids, and Drake.