Analysis News Deezer reports 11% revenue growth for calendar Q3 The company attributes its revenue growth to new partnerships and subscription price hikes
News Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies
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
News Beggars Group is now a £100m+ annual revenue company Nevertheless, 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 albums XL'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% YoY China'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 revenue However, 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 call UMG'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’ expectations The video streamer's advertising earnings miss sent Alphabet shares down on Wednesday
News Reservoir reports double-digit revenue jump in latest fiscal year, to $144.9m The 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 113.5M The 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 call Live 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 drought Although it’s common for HYBE’s earnings to decline in the winter months of Q1, the size of this drop surprised analysts