Financials

Tencent Music Posts $175 Million in Profit with 28.4 Million Subscribers in Q1 2019

Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019

May 14, 2019

Tencent Music Entertainment (TME) has released its financial report for the first quarter of 2019. In the three months ended March 31st, 2019, TME reported ¥5.74 billion ($855 million) in overall revenue. T... Read More...

MelodyVR Burned Through $14.7 Million in Cash Last Year

Daniel Sanchez

May 9, 2019

MelodyVR has published its financial results for 2018. Thanks to content sales and partnership deals last year, the virtual reality startup reported £1.2 million ($1.6 million) in revenue. Yet, underscoring... Read More...

Streaming Revenue Jumps 29.4% in Warner Music Group's Q2 2019 Report

Streaming Revenue Jumps 29.4% in Warner Music Group’s Latest Quarter

Daniel Sanchez

May 7, 2019

Warner Music Group has published financial reports for its fiscal second quarter of 2019. For the three months ended March 31st, 2019, WMG reported $1.09 billion in revenue. This figure represents a handsom... Read More...

Live Nation’s Q1 2019 — $1.7 Billion in Revenue, $24 Million in Operating Losses

Daniel Sanchez

May 3, 2019

Live Nation has released its financial report for the first quarter of 2019 (Q1 2019). Live Nation’s revenue grew 17% year-over-year to $1.7 billion. Yet, the company also posted an operating loss of $24 mi... Read More...

Eventbrite Shares Continue to Plunge After a Serious Earnings Miss

Ashley King

May 2, 2019

Eventbrite's stock woes continued on Thursday, with the company witnessing its sharpest one-day loss in history. A disappointing earnings report and outlook spurred the sell-off. The stock fell more than ... Read More...

A Federal Judge Has Approved iHeartMedia's Bankruptcy Reorganization Plan

Still Holding $5.7 Billion In Debt, iHeartMedia Says Its Restructuring Is ‘Successfully Completed’

Ashley King

May 2, 2019

iHeartMedia has officially ended its restructuring process. With the balance sheet restructuring, iHeartMedia's debt dropped from a whopping $16.1 billion to 'only' $5.75 billion. CEO Bob Pittman says he's p... Read More...

Beating Analysts' Expectations, Apple Posts $58 Billion in Revenue as iPhone Sales Drop in Q2 2019

Apple’s Q2 Revenues Drop 5% to $58 Billion as iPhone Sales Slip — But Services Are Booming

Daniel Sanchez

May 1, 2019

Apple has announced the financial results for its second fiscal quarter of 2019 (Q2 2019). The Cupertino giant posted quarterly revenue of $58 billion, down 5% over the same period last year. In addition, q... Read More...

PRS for Music Posts $946 Million in Collection Revenue, Warns Fortnite in the Process

PRS for Music Posts $946 Million in Annual Collection Revenue — And Puts Fortnite on Notice

Daniel Sanchez

April 29, 2019

With the Copyright Directive passed, will the music industry push to collect revenue from popular games like Fortnite? Earlier today, British collecting society PRS for Music posted its total collection reve... Read More...

Tunecore Artists Earned $83 Million in Q1 — With Heavy Metal and J-Pop Leading the Way

Ashley King

April 29, 2019

Tunecore announced today that its artists earned $83 million in Q1 2019, a 21% increase over the same period last year. Tunecore says its total artist distribution revenue is now over $1.5 billion. Distri... Read More...

Sony Music’s 2018 Sales Fall Flat as Revenue Drops Nearly 9% Over Last Year

Daniel Sanchez

April 26, 2019

Sony Music has published its full-year earnings report for its 2018 fiscal year. For the fiscal year ending March 31st, 2019, the company brought in ¥427 billion ($3.8 billion) in recorded music revenue. Th... Read More...

Q1 2019 — SiriusXM's Total Subscribers Reaches 34.2 Million; Pandora Radio MAU's Drops to 66 Million

SiriusXM Reaches 34.2 Million Subscribers, But Pandora Radio MAUs Drop to 66 Million

Daniel Sanchez

April 24, 2019

Good news and bad news for SiriusXM investors. Earlier this morning, SiriusXM published its first quarter (Q1) 2019 financial report. First, the good news. The satellite radio company’s pro forma revenue j... Read More...

Thanks to Streaming, Universal Music Group’s Q1 2019 Revenue Jumps 19.2% to $1.7 Billion

Daniel Sanchez

April 15, 2019

Vivendi has also revealed that it may sell up to half of Universal Music Group to one or more partners. Ahead of its upcoming sale of up to 50% Universal Music Group (UMG), parent company Vivendi has posted ... Read More...

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

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

A Deeply Troubled Hipgnosis Reveals More Staffing Changes

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

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

Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019

MelodyVR Burned Through $14.7 Million in Cash Last Year

Streaming Revenue Jumps 29.4% in Warner Music Group’s Latest Quarter

Live Nation’s Q1 2019 — $1.7 Billion in Revenue, $24 Million in Operating Losses

Eventbrite Shares Continue to Plunge After a Serious Earnings Miss

Still Holding $5.7 Billion In Debt, iHeartMedia Says Its Restructuring Is ‘Successfully Completed’

Apple’s Q2 Revenues Drop 5% to $58 Billion as iPhone Sales Slip — But Services Are Booming

PRS for Music Posts $946 Million in Annual Collection Revenue — And Puts Fortnite on Notice

Tunecore Artists Earned $83 Million in Q1 — With Heavy Metal and J-Pop Leading the Way

Sony Music’s 2018 Sales Fall Flat as Revenue Drops Nearly 9% Over Last Year

SiriusXM Reaches 34.2 Million Subscribers, But Pandora Radio MAUs Drop to 66 Million

Thanks to Streaming, Universal Music Group’s Q1 2019 Revenue Jumps 19.2% to $1.7 Billion