Taylor Swift's music label Universal Music Group holds its first capital markets day on Tuesday, nearly two months after it posted lower-than-expected second quarter streaming and subscription revenue,

Universal Music Group NV, the record label that represents Taylor Swift, is targeting more than 7% sales growth for five years with the support of subscription and by accelerating superfan monetization.

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,

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,

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