Financials

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

November 7, 2023

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 Reservoir Media announced the 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 Muhammad

November 3, 2023

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 unimpressed. However, services ... Read More...

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

Dylan Smith

November 3, 2023

Q3 2023 was the “biggest quarter ever” for Live Nation, which raked in north of $8.15 billion throughout the three-month stretch, according to a newly released earnings report. The Veeps owner only recently... 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

BTS agency Hybe generated ₩537.86 billion (currently $403.19 million) during 2023’s third quarter as bolstered albums revenue only partially offset dips in categories including merchandising and licensing, ac... Read More...

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

Ashley King

November 1, 2023

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 it lost 96,000 self-pa... Read More...

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

Ashley King

October 27, 2023

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 heady price increases, ... 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

Despite facing “challenging market conditions” and experiencing a revenue dip in Germany, Believe has reported an even €215 million (currently $227.8 million) in Q3 2023 revenue. Believe, which trades as BL... Read More...

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 (NYSE: SPOT) has spiked following the release of a seemingly strong Q3 2023 earnings report, including the addition of six million paid subscribers and an operating profit of €32 million (curren... Read More...

Music Accelerator TechStars Music Quietly Shutters, Citing ‘Outdated Model’

Ashley King

October 23, 2023

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 of the TechStars Music accelerat... Read More...

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

Dylan Smith

October 2, 2023

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. Now, it’s emerged that two o... Read More...

Mdundo Triples Premium Revenue as MAUs Top 26.6 Million

Ashley King

September 27, 2023

Africa-based music streaming service Mdundo reports an increase of triple its premium revenue as its monthly active users top 26.6 million. In the annual report for its fiscal year that ended on June 30, Mdu... Read More...

SRR Capital Launches With a VC-Style Approach to Music Investing

What Is Attribution?

So Busy With "The Quiet Time..."

Netflix Won the Streaming Wars. YouTube Changed the Rules.

Indonesia: One of the World’s Most Promising Digital Music Markets

What Politicians Could Learn from the Music Business: A Midterm Election Primer

What Lawsuits? Live Nation Posts ‘Record’ Q3 2026 Financials, Now Expects ‘To Welcome Nearly 180 Million Fans’ This Year

Sony Music Q3 2026 Revenue Approaches $3.2 Billion Amid Double-Digit Recorded Music and Live/Merch Growth

BTS Tour = Record Hybe Revenue: K-Pop Giant Posts Strong Q3 2026 Financials, Teases BTS Members’ Post-Arirang Projects

Apple Reports Double-Digit Calendar Q3 2026 Growth as Subscriber Gains Drive Record Services Revenue

SiriusXM Reports 5,000 Self-Pay Net Additions for Q3 2026, Says ‘Morgan Wallen Radio’ Helped Drive a 5% Average Listening Time Increase

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

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

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

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

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

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

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

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

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

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

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

Mdundo Triples Premium Revenue as MAUs Top 26.6 Million