News Beggars Group is now a £100m+ annual revenue companyNevertheless, 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 albumsXL's small but heavy-hitting catalog has made it an impressively profitable record company
News NetEase Cloud Music profit soars as revenue from streaming subscriptions jumps 25.5% YoYChina's second-largest music streaming company more than doubled its net profit year on year
News Spotify has added 10 million paying subscribers this year. So has Tencent Music.TME has half the paying subscriber base of Spotify, but has kept pace with Spotify's growth
News SM Entertainment reports $185m in Q2 sales, driven by near-doubling of concert revenueHowever, the company's bottom line was dragged down by weak performances at subsidiary businesses
News Live Nation’s revenue rises 7% to record $6B in Q2 as fan attendance hits 39M“We continue to see strong demand globally, with a growing variety of shows attracting both casual and diehard fans who are buying tickets at all price points"
Analysis News Why UMG’s slowdown in streaming revenue growth is (partly) an illusion… and 4 other things we learned from Universal’s latest earnings callUMG's leadership team isn't worried about one quarter's worth of results, and says they're looking at the long term
News YouTube ad revenues jump 13% to $8.7B in Q2, but fall short of analysts’ expectationsThe video streamer's advertising earnings miss sent Alphabet shares down on Wednesday
News Reservoir reports double-digit revenue jump in latest fiscal year, to $144.9mThe company is forecasting continued growth, though at a somewhat slower pace, in the coming year
News Tencent Music’s subscription revenues surge 39% to $500M in Q1 as paying subs hit 113.5MThe music streaming service saw growth in both paid subscribers and average revenue per user
Analysis News Live Nation says forcing it to sell Ticketmaster would not be ‘legally permissible,’ and 3 other things we learned on the company’s latest earnings callLive Nation's businesses would do very well as standalone companies, CEO Michael Rapino says, but that's not the strategy
News HYBE’s revenue dropped 12% YoY in Q1; Weverse platform saw user decline amid ongoing BTS droughtAlthough it’s common for HYBE’s earnings to decline in the winter months of Q1, the size of this drop surprised analysts
Analysis News Anghami’s paid subscribers jumped 18% in Q1 2024, after a 2023 of revenue ‘headwinds’The MENA-focused streaming service expects a revenue boost following its merger with TV and film streamer OSN+
News Africa-focused streaming service Mdundo reports 41% jump in active users, as Nigerian currency crisis pressures revenueThe Nigerian naira fell 38% in Q1, putting pressure of Mdundo's revenue even as user growth continued unabated
Analysis News Epidemic Sound’s royalty-free music is played 2.5bn times per day on YouTube and TikTok, but company still struggles to turn a profitThe company says there are now 26 million videos on YouTube and TikTok featuring its music