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WSJ Tech News Briefing · Friday, July 31, 2026

Universal Music Group Shares Plunge on Weak Subscription and Streaming Revenue

Shares of Universal Music Group have fallen approximately 23% in Amsterdam due to disappointing subscription and streaming revenue figures. The company, which represents artists like Taylor Swift, has seen its stock decline over 40% in the last year as hopes for a revenue recovery have not materialized.

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The tape

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And shares of Universal Music Group, the label behind Taylor Swift, Lady Gaga, and Bad Bunny, are down roughly 23% in Amsterdam, following disappointing subscription and streaming revenue.
Julie Chang
Growth in streaming services has cooled in recent years, and Universal stock is now down more than 40% over the past 12 months, as hopes for a revenue rebound failed to materialize.
Julie Chang
Heard on WSJ Tech News Briefing — “TNB Tech Minute: Tesla Weighs Sale of China Business Ahead of Potential SpaceX Merger, published Friday, July 31, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
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Universal Music Group Shares Plunge on Weak Subscription and Streaming Revenue — Heardvine