UMG shares fall 25.4% in one day after half-year earnings miss

Universal Music Group's share price dropped from 19.35 euros to 14.44 euros on July 31, 2026, a 25.4% fall, after H1 results missed analyst consensus. Net income fell to 223 million euros from 1.432 billion euros a year earlier, as financial and legal expenses surged to 627 million euros from 93 million euros, Billboard reported.