Financials

Deezer Paying Subscribers Slip 2.1% to 9.3 Million as Profitability Remains Elusive

April 25, 2023

Deezer has revealed its financial outlook for Q1 2023, with a 2.1% drop in paid subscribers compared to last year. Deezer says its growth in its B2C segment helped offset the subscriber decline recorded in t... Read More...

Spotify CEO Daniel Ek comments during Investor Day 2022

Spotify Stock Jumps After Q1 2023 Earnings Report Reveals Subscriber Growth and Continued Losses

Dylan Smith

April 25, 2023

Spotify stock spiked by almost seven percent after the company revealed that it had achieved 15 percent year-over-year (YoY) subscriber growth and suffered an over $170 million operating loss during 2023’s op... Read More...

What Happened with Gimme Radio? Major Investors Contributed Millions, Now It’s Kaput

Ashley King

April 24, 2023

Gimme Radio launched more than five years ago with the goal of building global fan communities around genres of music. Now the service is shuttering on April 29. What happened? Gimme Media was founded in Sa... Read More...

Utopia Music Battles Allegations of Massive Tax Debts — And Now, Another Round of Layoffs

Ashley King

April 17, 2023

Utopia Music battles allegations of massive tax debts as prepares to lay off another 15% of its global workforce. Swiss tech company Utopia Music is gearing up to eliminate around 15 percent of its global wo... Read More...

English National Opera Bags £24M From Arts Council England — Musicians’ Union Says It’s Not Enough

Ashley King

April 13, 2023

The English National Opera will receive up to £24 million of public funding to support the move of its HQ. The Arts Council England sparked a national outcry when it told the ENO it would lose all funding un... Read More...

GEMA Reports Double-Digit 2022 Revenue Growth, Record Distribution Following ‘Three Hard Years’

Dylan Smith

April 5, 2023

On the heels of “three hard years,” GEMA has reported double-digit 2022 revenue growth as well as a record distribution of over €1 billion. The Berlin-headquartered collecting society just recently disclose... Read More...

Kobalt Reports Double-Digit FY 2022 Revenue Jump, Says It Spent Over $300 Million on Catalogs and Advances

Dylan Smith

March 31, 2023

Kobalt Music achieved a 22 percent year-over-year (YoY) revenue increase during the 12 months ending on June 30th, 2022, generating north of $600 million, according to a new earnings analysis. New York City... Read More...

BMG Posts 30.6% 2022 Revenue Jump as Catalog Acquisitions Top $400 Million

Dylan Smith

March 30, 2023

BMG turned in a 30.6 percent year-over-year (YoY) revenue increase – and dropped over $400 million on catalogs – during 2022, according to a new earnings report. The Berlin-headquartered music company’s 202... Read More...

Tencent Music Posts Nearly $170 Million Q4 2022 Net Profit, Announces New Share-Buyback Program

Dylan Smith

March 21, 2023

Tencent Music (NYSE: TME) generated north of $1 billion during 2022’s fourth quarter, when streaming's paid users approached 90 million and net profit neared $170 million, according to a new earnings report. ... Read More...

Believe Posts 32% 2022 Revenue Jump As Asia-Pacific and Africa Income Cracks $200 Million

Dylan Smith

March 15, 2023

About five weeks after touting roughly €1.1 billion in annual “digital music sales,” Believe has revealed that it achieved nearly 32 percent revenue growth last year. Paris-headquartered Believe, which has ... Read More...

Streaming Is Taking Off In Japan, 2022 Data Shows — As Both Vinyl and CD Sales Remain Strong

Dylan Smith

March 9, 2023

The Japanese recorded music industry achieved a more than 17% year-over-year increase in digital revenue during 2022, when streaming gains (including an 18.54% YoY boost in subscription revenue) managed to of... Read More...

U.S. Recorded Music Revenue Approached $16 Billion In 2022 Amid Continued Vinyl and Streaming Growth, Report Shows

Dylan Smith

March 9, 2023

The value of the U.S. recorded music industry grew by 6.1% during 2022 to surpass $15.87 billion, according to a yearend report, as streaming subscriptions' annual revenue cracked $10 billion for the first ti... Read More...

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

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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

Deezer Paying Subscribers Slip 2.1% to 9.3 Million as Profitability Remains Elusive

Spotify Stock Jumps After Q1 2023 Earnings Report Reveals Subscriber Growth and Continued Losses

What Happened with Gimme Radio? Major Investors Contributed Millions, Now It’s Kaput

Utopia Music Battles Allegations of Massive Tax Debts — And Now, Another Round of Layoffs

English National Opera Bags £24M From Arts Council England — Musicians’ Union Says It’s Not Enough

GEMA Reports Double-Digit 2022 Revenue Growth, Record Distribution Following ‘Three Hard Years’

Kobalt Reports Double-Digit FY 2022 Revenue Jump, Says It Spent Over $300 Million on Catalogs and Advances

BMG Posts 30.6% 2022 Revenue Jump as Catalog Acquisitions Top $400 Million

Tencent Music Posts Nearly $170 Million Q4 2022 Net Profit, Announces New Share-Buyback Program

Believe Posts 32% 2022 Revenue Jump As Asia-Pacific and Africa Income Cracks $200 Million

Streaming Is Taking Off In Japan, 2022 Data Shows — As Both Vinyl and CD Sales Remain Strong

U.S. Recorded Music Revenue Approached $16 Billion In 2022 Amid Continued Vinyl and Streaming Growth, Report Shows