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Taylor Swift helps fuel Universal Music Group's third-quarter revenue
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(Reuters) — Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group (AS:UMG) in the third quarter, the world's largest record label said Wednesday.
Total revenue was 2.75 billion euros in the quarter, up 3.3% for the year. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 581 million, up 5.1%, the company reported.
The top sellers for the quarter included Taylor Swift, Seventeen, Morgan Wallen, Olivia Rodrigo and King & Prince.
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