Analysis News Spotify posts record-high operating profit for Q1, as subscriber base grows by 5m to 268m paid users SPOT's latest financial results (for Q1 2025) were filed today (April 29)
Analysis News Latin Music’s US revenues hit $1.42 billion in 2024, up 5.8% YoY Latin Music revenues accounted for 8.1% of total recorded music revenue in the US last year
Analysis News Global recorded music revenues hit $29.6bn in 2024, up 4.8% YoY; users of paid music subscriptions reach 752m Mexico has overtaken Australia to become the World's tenth-largest recorded music market.
Analysis News YouTube Music hits 125 million subscribers, adding 2m subs per month on average over the past year YouTube added +25 million subscribers over the past 12 months
News Live Nation saw 151m fans attend its events in 2024, as revenue rose 3% to $23bn The live events and ticketing company is stepping up rollout of its own operated venues this year
Analysis News Spotify posts $1.5bn annual operating profit for 2024, as subscriber base grows to 263m in Q4 Spotify posted a quarterly operating income of over half a billion dollars
Analysis News Weverse hit 150m lifetime downloads, saw 19% user growth in 2024, as Ariana Grande, Dua Lipa join superfan platform '2024 was a transformative year for Weverse,' said Joon Choi, President of Weverse Company
Analysis News Germany generated nearly 20bn streams per month on average in 2024 The world's fourth-largest recorded music market generated 236 billion streams in 2024
News Becky G’s ‘POR EL CONTRARIO’ is Vevo’s most watched music video in 2024 with 313m global views “This year’s rankings reflect the continuing globalization of music, and 2024 was a year of firsts for genres like Country, Hip-Hop and Regional Mexican..."
News Taylor Swift claims title of Spotify’s most-streamed artist for second straight year, with more than 26.6bn streams in 2024 Taylor Swift, The Weeknd, Bad Bunny, Drake and Billie Eilish have topped Spotify's most-streamed artists list for 2024
Analysis News Shazam tops 100 billion song recognitions since launch Shazam notes that’s equivalent to 12 songs identified for every person on Earth
Analysis News Over 8% of Tencent Music’s subscribers are ‘Super VIP’. That’s 10m users paying 5x the standard subscription price TME added 2 million net subscribers in Q3 compared to the prior quarter (Q2)
Analysis News Universal Music generated $3.15bn in Q3; subscription streaming revenues grew 8.2% YoY Universal Music Group has published its financial results for the three months to the end of September.
News Global songwriter royalty collections rose 7.6% to $12.7bn in 2023, CISAC reports In its latest report, CISAC sees a slowdown in digital revenue growth ahead, and calls for regulation of AI.
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