Analysis News From Spotify, Universal numbers to new management at Apple Music… it’s MBW’s Weekly Round-Up The biggest stories from the past week – all in one place…
News Live Nation posts Q1 revenue decline, but says 2025 will be ‘historic year for live music’ Currency fluctuations, non-concert activities and the effort to optimize ticket prices dragged down Live Nation's earnings
News Deezer’s revenue increased to $141m in Q1 as streaming service forecasts swing to positive EBITDA this year Despite a drop in total subscribers, CEO Alexis Lanternier says the company is confident of 'reaching profitability this year'
News Epidemic Sound’s revenues jumped 29% to $181.6m in 2024, as EBITDA soared 150% YoY to $13.9m The company expanded its audio library with the acquisition of sound effects company Soundly
News CTS Eventim revenues soared 19.1% YoY to $3bn in 2024 “Rising demand, organic growth, ongoing synergies and a successful international acquisition policy are the pillars of our robust growth"
News Superstruct’s UK company revenues jumped 26% to $222m in 2023 – the year before firm was acquired by KKR in a $1.4bn deal Company swung to an operating loss of £33.26 million
News Streaming service Mdundo reports 45% surge in subscription revenue as it sets sights on users outside Africa The company now counts 38.8 million monthly active users, up by 26% over the past year
Analysis News SM Entertainment revenues rose 9% to $196m in Q4; K-Pop firm retires $27.8m worth of its own shares Japan proved to be a particular strong market for SM in the latest quarter, as the company celebrates its 30th anniversary this year
News Reservoir raises full-year guidance again as revenue jumps 19% to $42.3m in calendar Q4 Price hikes and subscriber growth at streaming services sent Reservoir's revenue up by double digits in the company's fiscal Q3
News Spotify market cap value tops $124bn – as stock price hits record high after posting first full year of profit Spotify’s shares jumped 13% on Tuesday to $621.77, crossing the $600 threshold for the first time
Analysis News Deezer reports 11% revenue growth for calendar Q3 The company attributes its revenue growth to new partnerships and subscription price hikes
News Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies
News In key markets outside the US, TikTok’s revenues soared 75% to $4.6bn last year, but losses widened amid $1bn in legal costs TikTok's massive increase in European, LatAm and African revenue was more than offset by a sharp spike in expenses
News Beggars Group is now a £100m+ annual revenue company Nevertheless, the record company has seen its operating profit slide amid rising costs
News XL Recordings posted a $12.8m profit last year… despite only releasing 8 new albums XL's small but heavy-hitting catalog has made it an impressively profitable record company
