News Tencent Music’s subscription revenues soared 45.3% in Q4 as paying subscribers hit 106.7mBoth the number of subscribers and revenue per paying subscriber are growing rapidly at TME
News SM Entertainment trims 2025 revenue goal by 22% after Q4 2023 revenue falls 3.4%The K-pop giant has trimmed its revenue target for 2025 from KRW 1.8 trillion to KRW 1.4 trillion
Analysis As Warner Music Group posts its biggest ever quarter… WMG boss Robert Kyncl says he’s ‘confident’ that Universal and TikTok will resolve their spatKyncl is planning 'as much automation as possible,' and more lobbying for higher prices at music streaming services
News CTS Eventim’s revenues blow past expectations, jump 22.5% in 2023 to $2.5BTicketing revenues grew more than 32%, while live event revenues jumped by nearly 19%
News Africa-focused music streaming service Mdundo hits 30.8M monthly active usersThe company reported a steep drop in ad revenue, but large growth in paid subscribers
News India’s Tips Industries generated $7.78m in calendar Q4, up 27% YoYTips’ rising numbers come amid surging growth in the Indian music market
News Anghami’s subscriber base grows 17% in Q3 2023, to 1.73MThe Middle East and North Africa-focused music streaming service has seen ad revenue soar by 28%.
News Tencent Music on track to surpass $1.5 billion in music subscription revenue this yearChina-headquartered company reported a 42% YoY jump in music subscription revenue in the third quarter
News SM Entertainment, the K-pop giant behind superstars like NCT Dream, sees revenues rise 11.8% YoY to over $200m in Q3Consolidated operating profit amounted to a record high of KRW 50.5 billion ($38.5 million), up 69.8% YoY
Analysis News Reservoir Media’s revenues grew 15% YoY to $38.4m in calendar Q3Reservoir Media raises guidance after 15% surge in revenue
News Spotify’s price hike didn’t hurt subscriptions, and 3 other things we learned on its latest earnings callMBW listened in to SPOT's Q3 earnings call. Here's what we learned...
News Africa-focused music streaming service Mdundo reaches 26.6m Monthly Active UsersMdundo also reported a 239% YoY jump in revenue from paid subscriptions
News NetEase Cloud Music’s paid monthly users grew 11% to 41.8m at the end of JuneChina-based music streaming provider has published its H1 earnings results
News Beggars Group’s revenue up 13.9% YoY in 2022, but inflation, stagnant streaming prices take bite out of profitUK-headquartered firm recently revealed its earnings for 2022 in a regulatory filing to UK Companies House
News Spotify price hike will boost our revenue, Reservoir saysReservoir CFO Jim Heindlmeyer discussed Spotify price hikes on the company's latest earnings call