Secondary ticketing value down 2% for Live Nation
Live Nation has announced a strong set of quarterly financial results, with revenues up 29% year-on-year to $2.82bn in the second quarter of 2017. The company’s net profit rose from $37.7m a year ago to $81.5m in Q2 this...
August 10, 2017
SFX Entertainment set to go private again
It’s less than two years since the IPO of EDM firm SFX Entertainment, but it is now moving back towards being a private company once again. Chairman and CEO Robert Sillerman has made an offer to buy the 62.6% of shares...
May 28, 2015
Rightscorp revenues up, but its losses are heavy
Anti-piracy agency Rightscorp, which counts BMG as one of its main clients, has published its latest financial results. The company’s revenues grew 187% year-on-year to just under $940k in 2014, but it spent $4.3m getting...
March 12, 2015
Messaging app Line’s revenues up 126% in 2014
The company behind messaging app Line published its latest financial results yesterday, with the app’s revenues up 126% year-on-year to ¥77.4bn ($656m). The company said that Line ended 2014 with 181 million monthly active...
January 30, 2015
Snapchat raised $485m of new funding at a $10bn valuation
What better time to publish a financial filing revealing a whopping great funding round than New Year’s Eve? That’s what messaging app Snapchat did, for a round totalling $485.6m that reportedly values the company at...
January 6, 2015
Last.fm’s revenues fell in 2013, but so did its losses
Last.fm’s latest set of financial results show the company’s tough times in 2013, as its revenues declined 22.8% to £4.92m, and its headcount dropped from 61 to 35. The latter is part of the reason for a brighter spot...
October 11, 2014
SEC filings reveal $108m of equity sales by Rdio
Rdio’s parent company Pulser Media has sold $108m of equity, warrants and options over the past 13 months, according to filings made with US financial regulator the SEC, and reported on by Billboard. It notes sales...
October 10, 2014
One Direction have a financial stake in 5 Seconds of Summer
Boy bands One Direction and 5 Seconds of Summer have been chummy since the latter band emerged, but there’s more than a management company in common. Billboard has a report outlining One Direction’s financial...
October 9, 2014
AccuRadio raises $2.5m in new funding
Multichannel web radio broadcaster AccuRadio has been around since 2000 and claims to reach around 1m listeners a month – and it has just secured $2.5m in Series A funding from NantWorks. It is operating in a crowded space...
September 10, 2014
Twitter’s Q1 saw it grow to 255m active users, generating $250m of revenues
Twitter announced its latest financial results last night, reporting revenue of $250m and a net loss of $132m for the quarter, up respectively from $114.3m and $27m in Q1 last year. Twitter averaged 255m monthly active users...
July 2, 2014
Netflix added 4m subscribers last quarter, but is raising its prices
Streaming TV and films service Netflix announced its latest financial results yesterday: the company’s revenues for the first quarter of 2014 were $1.27bn, as it posted a net profit of $53m. The company ended the quarter...
June 30, 2014
Facebook’s $5bn IPO doc reveals $3.7bn revenues and $1bn profit for 2011
A plethora of Facebook stats after it filed for it's IPO, including the fact that the social network now has 854m users, with half of them logging on every day. Its revenues for 2011 were $3.7bn, and the company reported...
February 2, 2012