Universal Music Group said on Tuesday it expects annual core profit growth of more than 10% through 2028 on higher subscription revenue, expanded partnerships, and boosted by the superfans of its artists such as Taylor Swift,

Universal Music Group said on Tuesday it expects annual core profit growth of more than 10 percent through 2028 on higher subscription revenue,

Key Takeaways Universal Music Group on Tuesday gave strong long-term guidance on gains in subscriptions, "superfan monetization," and partnerships.The label behind music superstars such as Taylor Swift and Drake anticipates that through 2028,

The world's biggest record company, whose artists include Taylor Swift (pictured0 and Elton John, delivered the forecasts in a market update yesterday.