Financials

Sony Music Entertainment Posts 13% Q3 2022 Revenue Increase As Streaming Income Cracks $1.3 Billion

November 1, 2022

Sony Music Entertainment generated north of ¥194 billion (currently $1.3 billion) from streaming during Q3 2022, according to a new earnings report. Photo Credit: Sony Group Sony Music Entertainment (SME) rec... Read More...

Despite Continued Subscribership Decline, Deezer Posts Double-Digit Q3 Revenue Growth Amid Price Bumps

Dylan Smith

October 28, 2022

Photo Credit: Deezer Deezer has reported a 13.8 percent year-over-year (YoY) revenue boost for 2022’s third quarter amid a push for €1 billion in annual income. The Access Industries-owned platform, which d... Read More...

Universal Music Group Revenues Jump 13% In Q3 as Subscription Revenues Approach $1 Billion

Ashley King

October 27, 2022

Photo Credit: Coolcaesar / CC by 3.0 Universal Music Group reports revenue increases of 13% during Q3 as subscription revenues are nearing $1 billion. Universal Music Group has announced its financial result... Read More...

YouTube Ad Revenue Declined During Q3 2022 — As YouTube Music Subscriber Growth Contributed to a Non-Advertising Income Boost

Dylan Smith

October 26, 2022

Photo Credit: Rachit Tank Google parent Alphabet posted improved Q3 2022 revenue of $69.09 billion, but within the total, YouTube's ad income declined from the same three-month stretch in 2021. The Mountain... Read More...

Pollen Debt Ex Employees Might not Get Paid

Pollen Owes $83 Million to Creditors – Ex-Employees Unlikely To Receive Pay

Ashley King

October 25, 2022

Photo Credit: Ibrahim Boran Festival tech startup Pollen went bankrupt in August, leaving hundreds of employees without a final paycheck. Now a breakdown of its debts owed reveals more than $83 million in unp... Read More...

Spotify Shares Drop Despite Double-Digit Subscriber Gains — And a Possible Price Hike Ahead

Paul Resnikoff

October 25, 2022

Photo Credit: Thibault Penin Spotify subscribers, monthly average users, and revenues all headed north during the latest third quarter. Wall Street sent shares south. It was an impressive third-quarter finan... Read More...

LiveOne Expects to Report Record Q2 Revenue and Membership Growth in Fiscal 2023

Ashley King

October 25, 2022

Photo Credit: LiveOne LiveOne expects to report a record Q2 revenue, adjusted EBITDA, and membership growth in 2023. Music and entertainment platform LiveOne with a "creator-first" focus, announces that it e... Read More...

SoundExchange Reports $238.9 Million Q3 2022 Distribution, Elevating Yearly Total Past $700 Million

Dylan Smith

October 21, 2022

SoundExchange has announced that it distributed $238.9 million during 2022’s third quarter – a slight decrease from the same three-month stretch in 2021. The 19-year-old entity just recently shed light upon... Read More...

Festicket Debts Topped $27 Million — Unsecured Creditors, Including AEG and Live Nation, Will Recover Only 10-30%, Bankruptcy Docs Show

Dylan Smith

October 20, 2022

In late August, London-headquartered music festival platform Festicket filed a “notice of commencement of moratorium.” Now, with the moratorium process having concluded, new disclosures show that the company’... Read More...

U.S. Latin Music Revenues Top Half-a-Billion Dollars During H1 2022 (Thanks, Bad Bunny)

Paul Resnikoff

October 12, 2022

Photo Credit: Bad Bunny With Hispanic Heritage Month well underway, heating up celebrations is a report published by the Recording Industry Association of America (RIAA) that contains new revenue data for U.S... Read More...

ByteDance Reportedly Suffered $84.9 Billion Net Loss In 2021 Amid Meteoric TikTok Growth

Dylan Smith

October 7, 2022

Photo Credit: Solen Feyissa The financials of TikTok parent company ByteDance have come to light, and the Beijing-headquartered entity reportedly suffered a multibillion-dollar operating loss in 2020 and 2021... Read More...

PRS for Music Announces £211 Million October Distribution — ‘Highest Payment to Members In 108-Year History’

Dylan Smith

October 6, 2022

PRS for Music has announced a “record-breaking” distribution of £211 million for October of 2022 due largely to triple-digit growth in royalties from plays in public establishments. The London-headquartere... Read More...

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

ASCAP Reports ‘Record-High’ 2022 Revenue and Distribution, Emphasizes Role As ‘America’s Only Not-for-Profit PRO’

Universal Music Group Posts Double-Digit Q4 Revenue Growth, Reiterates Streaming-Reform Plans

Sony Music Entertainment Posts 13% Q3 2022 Revenue Increase As Streaming Income Cracks $1.3 Billion

Despite Continued Subscribership Decline, Deezer Posts Double-Digit Q3 Revenue Growth Amid Price Bumps

Universal Music Group Revenues Jump 13% In Q3 as Subscription Revenues Approach $1 Billion

YouTube Ad Revenue Declined During Q3 2022 — As YouTube Music Subscriber Growth Contributed to a Non-Advertising Income Boost

Pollen Owes $83 Million to Creditors – Ex-Employees Unlikely To Receive Pay

Spotify Shares Drop Despite Double-Digit Subscriber Gains — And a Possible Price Hike Ahead

LiveOne Expects to Report Record Q2 Revenue and Membership Growth in Fiscal 2023

SoundExchange Reports $238.9 Million Q3 2022 Distribution, Elevating Yearly Total Past $700 Million

Festicket Debts Topped $27 Million — Unsecured Creditors, Including AEG and Live Nation, Will Recover Only 10-30%, Bankruptcy Docs Show

U.S. Latin Music Revenues Top Half-a-Billion Dollars During H1 2022 (Thanks, Bad Bunny)

PRS for Music Announces £211 Million October Distribution — ‘Highest Payment to Members In 108-Year History’