Warner Music Hits $6B Milestone for the Year After Second-Half Rebound
WMG’s fourth quarter revenues grew 6% overall on strong streaming and publishing growth — a stronger release schedule didn’t hurt.
WMG’s fourth quarter revenues grew 6% overall on strong streaming and publishing growth — a stronger release schedule didn’t hurt.
The company earned $624 million in online music revenue even as it saw steep declines in its social entertainment segment.
Releases from Travis Scott, SZA, Harry Styles, Luke Combs and Stray Kids were among the top-earning titles in the quarter ended Sept. 30.
Lyft is introducing a “more affordable sort of higher-end ride” in an attempt to offer ride-hail products that customers actually want, CEO David Risher said Wednesday during the company’s third-quarter earnings call. The move comes a…
Rocket Lab is best known for the Electron launch vehicle, but the company’s earnings results continue to show that it is much more than a rocket company. The company reported $68 million in revenue for the third quarter, with $46.3 million of that figu…
Lyft’s strategy of slashing ride-hail fares to compete with Uber has resulted in slow and steady gains for the company, but competition remains fierce. According to Lyft’s third-quarter earnings, reported Wednesday, Lyft’s active ridership numbers hav…
Sphere Entertainment expects two more residencies in the second half of its current fiscal year ending June 30, 2024.
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including raising its annual production guidance from 52,000 to 54,000 …
The company, which spun off in April, suffered a tough comparison to the prior-year quarter but has high expectations for the rest of 2023.
The former startup darling’s results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. © 2023 TechCrunch. All rights reserved. For personal use only.
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