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Financials

Warner Music Group Corp. Announces Fiscal Q4 and Full Year 2023 Earnings.

Warner Music Group Corp. Reports Results for 2023’s Fourth Quarter, With Over $6 Billion in Annual Earnings

Raha M. Ali
November 16, 2023
tencent music

Tencent Music Posts 42% Q3 2023 Subscription Revenue Jump As Paid Users Top 100 Million

Dylan Smith
November 14, 2023
Hipgnosis staffing changes

A Deeply Troubled Hipgnosis Reveals More Staffing Changes

Ashley King
November 9, 2023
sony music entertainment earnings q3 2023

Sony Music Entertainment Posts Double-Digit Q3 2023 Revenue Growth Despite Physical Sales Decline

Dylan Smith
November 9, 2023
Madison Square Garden operating loss

Madison Square Garden Posts $33.4 Million Operating Loss as Attendance Slides

Ashley King
November 8, 2023
 
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sm entertainment earnings

SM Entertainment Reports Over $200 Million in Q3 2023 Revenue As Album Sales Hit All-Time High

Dylan Smith
November 8, 2023
SM Entertainment act Red Velvet, which is set to drop a new album next Monday. Photo Credit: Star's Dusts K-pop agency SM Entertainment (KRX: 041510) has reported ₩266.3 billion (currently $203.3 million) in ... Read More...
Reservoir Media quarterly net income

Reservoir Media Posts Sizable Quarterly Net Income Drop, Promises More IP Acquisitions On Horizon

Ashley King
November 7, 2023
Photo Credit: Reservoir Media Independent publisher Reservoir Media posts a sizable quarterly net income drop in its second fiscal quarter, while promising more IP acquisitions ahead. Indie music publisher R... Read More...
Apple announced its financial results for its fiscal 2023 fourth quarter ending September 30, 2023.

Apple Reports ‘All-Time High’ Quarterly Services Revenue, Which Includes Apple Music

Raha M. Ali
November 3, 2023
Photo Credit: Brett Jordan On Thursday, Apple announced its financial results for its fiscal 2023 fourth quarter that ended September 30. The revenue picture for Apple could be better, and Wall Street is unim... Read More...

Live Nation Touts ‘Biggest Quarter Ever’ in Q3 Earnings Report As Revenue Tops $8 Billion

Dylan Smith
November 3, 2023
Live Nation has posted its financials for Q3 2023, which execs say was their company's best quarter to date. Photo Credit: Liam Shaw Q3 2023 was the “biggest quarter ever” for Live Nation, which raked in nort... Read More...

Hybe Reports Over $400 Million in Q3 2023 Revenue, Preps a New Group and a Label-Services Expansion for 2024

Dylan Smith
November 2, 2023
A performance from Hybe act Seventeen, which is said to have moved north of 11 million albums between January's start and September's end. Photo Credit: Korea.net BTS agency Hybe generated ₩537.86 billion (cu... Read More...
SiriusXM

SiriusXM Subscribers Flatline at 34 Million, Pandora Erosion Continues — But There’s a New App Coming

Ashley King
November 1, 2023
Photo Credit: SiriusXM SiriusXM reported its Q3 2023 financials, revealing its subscriber growth has flatlined as it sheds both satellite radio and Pandora customers. Here’s the latest. SiriusXM reports that... Read More...
Deezer price hikes subscribers

Deezer Adds 500,000 Subscribers Despite Recent Price Increases — Though Takeaways Remain Tricky

Ashley King
October 27, 2023
Photo Credit: Deezer Deezer reports an increase of 500,000 subscribers in Q3, despite aggressive price hikes in key markets. The uptick hardly settles the matter on whether music fans are willing to absorb he... Read More...
IMPALA responds to Deezer UMG's proposal

Universal Music Group Reports Nearly $3 Billion in Q3 2023 Revenue, Criticizes Artist-Centric Detractors As ‘Merchants of Garbage’

Dylan Smith
October 26, 2023
Universal Music Group (UMG) achieved 3.3% year-over-year (YoY) revenue growth during Q3 2023 despite a slip on the recorded side, according to a newly released earnings report. The Big Three label today pos... Read More...

Believe Posts $228 Million in Revenue for ‘Challenging’ Q3, Doubles Down on Opposition to Deezer-UMG ‘Artist-Centric’ Model

Dylan Smith
October 24, 2023
Believe founder and CEO Denis Ladegaillerie, whose company posted its Q3 2023 earnings today. Photo Credit: Believe Despite facing “challenging market conditions” and experiencing a revenue dip in Germany, Be... Read More...
make money on spotify

Spotify Stock Surges As Q3 2023 Delivers Six Million New Subs, $34 Million Operating Profit: ‘We Will Consistently Be in the Black Moving Forward’

Dylan Smith
October 24, 2023
Spotify stock spiked in value following the release of the company's Q3 2023 earnings report. Spotify stock (NYSE: SPOT) has spiked following the release of a seemingly strong Q3 2023 earnings report, includi... Read More...
Techstars Music accelerator shut down

Music Accelerator TechStars Music Quietly Shutters, Citing ‘Outdated Model’

Ashley King
October 23, 2023
Photo Credit: Amin Asbaghipour The music accelerator TechStars Music has quietly shuttered, with Managing Director Bob Moczydlowsky citing an ‘outdated model.’ Here’s the latest. Rumblings about the demise o... Read More...

Utopia Distribution Services Draws Potential Rescue Plan from Universal Music and Sony Music, Regulatory Filings Show

Dylan Smith
October 2, 2023
Photo Credit: Utopia Music About two months back, Utopia Distribution Services touted a tie-up with logistics company DP World and the adjacent opening of what’s said to be the UK’s largest media warehouse. N... Read More...
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