Spotify Subscription Revenue Soars in Q3, Operating Profit Hits Record High
This year’s quarterly results have shown improvements in margin and profitability without sacrificing subscriber growth.
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Read more: Spotify Subscription Revenue Soars in Q3, Operating Profit Hits Record High
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BMG CEO Says Digital Distribution Changes Are ‘Paying Off’ as Company Reports 11% Revenue Gain
Read more: BMG CEO Says Digital Distribution Changes Are ‘Paying Off’ as Company Reports 11% Revenue GainOverall revenue in the first half of 2024 rose to $491.7 million for the German music company, with digital revenue jumping 20%.
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CTS Eventim Revenue Jumped 21% in Q2 on See Tickets Acquisition, Strong Festival Business
Read more: CTS Eventim Revenue Jumped 21% in Q2 on See Tickets Acquisition, Strong Festival BusinessThe quarter was boosted by the June acquisition of the ticketer from Vivendi and a solid performance from its live entertainment division.
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iHeartMedia Managed a 1% Revenue Gain in Q2 Thanks to Digital and Podcasts
Read more: iHeartMedia Managed a 1% Revenue Gain in Q2 Thanks to Digital and PodcastsThe digital audio segment accounted for 31% of iHeart’s revenue, up from 28% a year earlier.
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Business, Business News, Earnings Reports, Robert Kyncl, streaming, Tech Industry, Tech News, warner music group
What Else You Should Know About WMG’s Q3 Earnings Call: Subscription Gains, Spotify & ‘Brat’ Summer
Read more: What Else You Should Know About WMG’s Q3 Earnings Call: Subscription Gains, Spotify & ‘Brat’ SummerIt’s all about streaming — the artists doing the best, how it helps Warner’s catalog and CEO Robert Kyncl’s insistence that Spotify is not a proxy for the industry.
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How Layoffs Are Showing Up in Music Companies’ Earnings Reports
Read more: How Layoffs Are Showing Up in Music Companies’ Earnings ReportsAs companies like Universal Music Group and SiriusXM hit rough patches on certain metrics, cost-cutting has helped their bottom lines.
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Believe Revenue Up 14% in First Half of 2024
Read more: Believe Revenue Up 14% in First Half of 2024The Paris-based company lowered its guidance on revenue growth in the full year to reflect subscription and ad-supported streaming trends.
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Live Nation Leans on Arenas & Amphitheaters in Record-Setting Second Quarter
Read more: Live Nation Leans on Arenas & Amphitheaters in Record-Setting Second QuarterThe concert giant’s revenue grew 7% to more than $6 billion, a Q2 record, while adjusted AOI improved 21% to $716 million.
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Live Nation Leans on Arenas & Amphitheaters in Record-Setting Second Quarter
Read more: Live Nation Leans on Arenas & Amphitheaters in Record-Setting Second QuarterThe concert giant’s revenue grew 7% to more than $6 billion, a Q2 record, while adjusted AOI improved 21% to $716 million.
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Deezer’s Revenue Up 15% on Subscription Gains
Read more: Deezer’s Revenue Up 15% on Subscription GainsThe French streaming company is on track for profitability, with around $70 million in free cash flow at the end of June.
