Financials

The Major Labels Soaked Up 58.6% of $9.8 Billion In Streaming Royalties During 2021 — According to NMPA Stats

June 17, 2022

The National Music Publishers’ Association has claimed that the major labels took in a staggering 58.6 percent of 2021’s $9.8 billion in total streaming royalties – while continuing to tout its close ties wit... Read More...

NetEase Cloud Music Posts 38.6% Q1 2022 Revenue Hike Amid Double-Digit Subscriber, Social-Entertainment Growth

Dylan Smith

May 24, 2022

Photo Credit: NetEase The parent of NetEase Cloud Music posted a nearly 39 percent year-over-year (YoY) revenue improvement during 2022’s first quarter, generating a total of CNY 2.07 billion (currently $310.... Read More...

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

Dylan Smith

May 18, 2022

During its first quarter as a publicly traded company, Middle Eastern streaming service Anghami (NASDAQ: ANGH) reported a 23 percent year-over-year revenue jump and a 20 percent boost for “active users.” Th... Read More...

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

Tencent Music suffered a 15.1% year-over-year revenue decrease during Q1 2022 after giving up most exclusive music deals, but nevertheless managed to generate $96.32 million (CNY 649 million) in net profit, a... Read More...

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

Dylan Smith

May 14, 2022

Endeavor (NYSE: EDR) has posted a more than $400 million year-over-year (YoY) revenue improvement due in part to “the resumption of concert touring” and demand for other crowd-based entertainment. Beverly H... Read More...

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

Dylan Smith

May 12, 2022

Photo Credit: Jako Janse van Rensburg Sonos is now set to launch its own voice control, but the feature won’t support Spotify out of the gate. The Santa Barbara-based Mayht owner unveiled its imminent voice... Read More...

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

Dylan Smith

May 10, 2022

Sony Music Entertainment (SME) turned in a roughly 10.16 percent year-over-year revenue increase during Q1 2022 due in large part to an 18.90 percent YoY jump for recorded music's streaming income, which achi... Read More...

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 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...

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...

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 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...

Sony Music Posts Q4 2022 Revenue Jump Amid Continued Streaming, Publishing Growth

Spotify Posts Record User Growth — And An Increased Operating Loss — In Q4 2022 Earnings Report

Ready to Level Up Your Career in Music? Thoughtful Finance Is the Next Step

PRS for Music Agrees to New Foundation Funding Following Pushback, Citing ‘The Increase In Interest Rates During 2022’

PPL Announces £43.2 Million Q4 2022 Distribution, Up 3.4% Year Over Year

The Major Labels Soaked Up 58.6% of $9.8 Billion In Streaming Royalties During 2021 — According to NMPA Stats

NetEase Cloud Music Posts 38.6% Q1 2022 Revenue Hike Amid Double-Digit Subscriber, Social-Entertainment Growth

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

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

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

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

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

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

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

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

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

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