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Financials

Anghami Posts 23% Revenue Improvement In First Quarter as a Publicly Traded Company

Dylan Smith
May 18, 2022
Tencent Music exclusive rights

Tencent Music Posts 31.7% Paid-User Growth — And a 15.1% Revenue Dip — In Q1 2022 After Canceling Exclusive Deals

Dylan Smith
May 17, 2022
Live Nation NFTs

Endeavor Posts $400 Million+ Q1 2022 Revenue Improvement Amid Live Music Comeback

Dylan Smith
May 14, 2022
Sonos raises prices

Sonos to Launch Voice Control Tech In June — Without Spotify Compatibility

Dylan Smith
May 12, 2022

Sony Music Entertainment Posts 10% Revenue Increase for Q1 2022 as Annual Streaming Growth Hits 37%

Dylan Smith
May 10, 2022
 
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warner music group

Warner Music Group Reports Modest 10% Revenue Growth For Q1 2022 — As Digital’s Income Share Decreases

Dylan Smith
May 10, 2022
Warner Music Group (WMG) posted 10 percent revenue growth for 2022’s first quarter, with digital income having improved by a relatively modest eight percent year over year (YoY). The Big Three record label ... Read More...
live nation

Live Nation Reports $1.8 Billion In Quarterly Revenue as 2022 Ticket Sales Surpass 70 Million

Dylan Smith
May 6, 2022
Live Nation (NYSE: LYV) has reported that it turned in the "best first quarter ever" during this year’s opening three months, when revenue jumped from $290.6 million in Q1 2021 to over $1.8 billion in Q1 2022... Read More...
BTS Hybe copyright infringement lawsuit

Hybe Posts 59.8% YoY Revenue Growth, Doubles Down On BTS Relationship: ‘We Will Be With Them Until the End’

Dylan Smith
May 4, 2022
Photo Credit: HYBE After posting a 59.8 percent year-over-year revenue jump during Q1 2022, BTS agency Hybe (KRX: 352820) has doubled down on its commitment to the famous K-pop act, indicating that “we will b... Read More...
Universal Music Group earnings

What Streaming Plateau? Universal Music Group Earnings Jump 21% Year Over Year

Ashley King
May 3, 2022
Photo Credit: Tony Webster / CC by 3.0 Universal Music Group reported better than expected Q1 2022 earnings thanks to growth in subscription and streaming revenue. UMG says it expects a continuation of the b... Read More...
Believe Digital stock

Believe Reports 30.9% Revenue Growth for Q1 2022 As Africa and APAC Income Hikes 56.3%

Dylan Smith
May 3, 2022
Photo Credit: Believe Indie label and distributor Believe achieved a 30.9 percent year-over-year revenue improvement for Q1 2022, which saw the Paris-headquartered company generate €162.5 million, according t... Read More...
SiriusXM subscribers

SiriusXM Subscribers Stagnate at 34 Million – Pandora Active Users Drop 9%

Ashley King
May 1, 2022
Photo Credit: SiriusXM SiriusXM has revealed its Q1 2022 financial results, showcasing a further slide for Pandora active users. SiriusXM subscribers have also stagnated. Here's why. SiriusXM reported an inc... Read More...
Apple Music free trial

Apple Reports 825 Million Subscriptions Across All Services — Does Apple Music Have More Paid Users Than Spotify?

Dylan Smith
April 29, 2022
Photo Credit: Apple Apple generated $19.82 billion from services including Apple Music during the second quarter of its 2022 fiscal year, as the company’s paid-subscription total surpassed 825 million. The C... Read More...
Neil Young Spotify Employees

Spotify Stock Plummets Below $100 Per Share for the First Time Following Q1 2022 Earnings Report

Dylan Smith
April 27, 2022
Spotify stock (NYSE: SPOT) fell beneath $100 per share for the first time in company history today after the service posted its Q1 2022 earnings. Spotify stock (NYSE: SPOT) has fallen beneath $100 per share... Read More...

PRS for Music Reports 22.4% Revenue Increase In 2021 — As Live Performance Royalties Continued to Decline

Dylan Smith
April 25, 2022
PRS for Music achieved a 22.4 percent year-over-year (YoY) revenue increase in 2021, even as royalties from live shows and plays in public establishments remained nearly 40 percent beneath their pre-pandemic ... Read More...
Snapchat paying creators

In Its First Full Quarter With Major Label Licensing Deals, Snapchat Explodes With 18% Daily Active User Growth

Dylan Smith
April 22, 2022
Photo Credit: Alexander Shatov Snapchat achieved an 18 percent year-over-year jump in daily active users during Q1 2022 – the first full quarter in which it’s had licensing deals in place with each of the Big... Read More...

One Media Posts 9.59% Revenue Boost For FY 2021 After Spending $5.5 Million On Music IP ‘At An Average Blended 11.2 Multiple’

Dylan Smith
April 22, 2022
An aerial shot of Furzton Lake in Milton Keynes, Buckinghamshire. Photo Credit: Ethan Wilkinson One Media iP, which describes itself as a “digital media content provider which exploits intellectual digital pr... Read More...
live entertainment

The UK Music Industry Grew By 12.8% In 2021 — As Digital’s Market Share Declined For the First Time

Dylan Smith
April 13, 2022
London, England. Photo Credit: Benjamin Davies The UK music industry generated £1.26 billion (about $1.65 billion) in 2021, up 12.8 percent year over year, as “unabated” demand for vinyl contributed to digita... Read More...
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