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
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