The tech giant recently raised its prices across Apple TV+, Apple Music and the Apple One subscription bundle.
Growth in streaming subscriptions, merchandising, touring offset slowdown in ad-supported revenues.
CEO Jeronimo Folgueira was encouraged by Apple's decision to raise prices and Spotify's signal it intends to hike fees in 2023.
UMG reported growth in nearly all segments -- physical excluded -- with recorded music revenues up 10.1% and publishing revenues up 6.9%.
The parent of Facebook and Instagram did, however, see its total daily active user base rise by 4 percent in the quarter to 2.93 billion.
Spotify and Universal Music Group should have much to say about the direction of the music business.
