News HYBE’s revenue dropped 12% YoY in Q1; Weverse platform saw user decline amid ongoing BTS drought Although 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 revenue The 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 profit The company says there are now 26 million videos on YouTube and TikTok featuring its music
News Tencent Music’s subscription revenues soared 45.3% in Q4 as paying subscribers hit 106.7m Both 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 spat Kyncl 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 $2.5B Ticketing 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 users The 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% YoY Tips’ rising numbers come amid surging growth in the Indian music market
News Anghami’s subscriber base grows 17% in Q3 2023, to 1.73M The 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 year China-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 Q3 Consolidated 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 Q3 Reservoir 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 call MBW listened in to SPOT's Q3 earnings call. Here's what we learned...