Universal Music Group's share price fell by approximately 25% following its earnings release. Its intraday market capitalization declined by approximately €8.8 billion (about ¥1.6054 trillion).
Universal Music Group (UMG), which released its earnings on 31 July, saw its share price fall by approximately 25%. Its market capitalization consequently declined significantly on the same day.
In monetary terms, the market impact amounted to a loss of approximately €8.8 billion, equivalent to a decline of approximately ¥1.6054 trillion. The movement has been reported as following the earnings release.
There is information that the board of directors referred to Bill Ackman's activities in May, and it has been suggested that his involvement could affect developments going forward.