Deezer’s Revenue Up 15% on Subscription Gains
The French streaming company is on track for profitability, with around $70 million in free cash flow at the end of June.
-
Read more: Deezer’s Revenue Up 15% on Subscription Gains -
analysis, Business, Business News, Earnings Reports, Tech Industry, Tech News, universal music groupWhat You Should Know About UMG’s Q2 Earnings: Uneven Streaming Growth, Facebook Licensing & More
Read more: What You Should Know About UMG’s Q2 Earnings: Uneven Streaming Growth, Facebook Licensing & MoreThough recorded music subscription revenue grew 6.5% in the quarter, ad-supported and “other” streaming revenue declined.
-
Earnings Reports Forecast: Subscription Gains, Ad Market Weakness & Taylor Swift’s Continued Power
Read more: Earnings Reports Forecast: Subscription Gains, Ad Market Weakness & Taylor Swift’s Continued PowerAs Spotify, Universal Music Group, Live Nation and more prepare to unveil their latest results, here’s what to expect – and what to watch out for.
-
Reservoir Media Full-Year Revenue Hits $145M on Acquisitions, Subscription Price Hikes
Read more: Reservoir Media Full-Year Revenue Hits $145M on Acquisitions, Subscription Price HikesCEO Golnar Khosrowshahi said the company, which beat full-year guidance, expects a boost from “a regular cadence of price increases” from music subscription services.
-
Layoffs, Licensing and More: 5 Things to Watch for in Upcoming Earnings Reports
Read more: Layoffs, Licensing and More: 5 Things to Watch for in Upcoming Earnings ReportsNext week’s earnings releases include Spotify (Feb. 6), Reservoir Media (Feb. 7) and Warner Music Group (Feb. 8).
-
Cloud Music Revenue Fell 16% In Third Quarter
Read more: Cloud Music Revenue Fell 16% In Third QuarterGains in subscribers and cost control measures helped gross profit margin almost double to 27.2%, the company said.
-
Business, Business News, Earnings Reports, Finance, iheartmedia, Live nation, Reservoir Media, SM Entertainment, sony music, Spotify, Tech Industry, Tech News, universal music group
Seven Highlights From Music Companies’ Quarterly Earnings Reports
Read more: Seven Highlights From Music Companies’ Quarterly Earnings Reports“Merchants of garbage,” live music spending, rosy outlooks and more.
-
Live Nation Boasts Another Record Quarter As Music Fans Continue Flocking to Shows
Read more: Live Nation Boasts Another Record Quarter As Music Fans Continue Flocking to ShowsThe concert promotion and ticketing giant posted third-quarter revenue of $8.2 billion, up 32% from the prior-year period.
-
HYBE Revenue Climbs 21% on Seventeen, BTS Solo Projects
Read more: HYBE Revenue Climbs 21% on Seventeen, BTS Solo ProjectsIn Quality Control’s second full quarter with HYBE, the hip-hop label accounted for 19% of HYBE’s streaming revenue.
-
Believe Rides Paid Streaming Gains to 9.1% Revenue Increase in Q3
Read more: Believe Rides Paid Streaming Gains to 9.1% Revenue Increase in Q3Additional subscription price increases are expected in 2024, said CEO Denis Ladegaillerie.
