Tag: financials

Read More

Financials reveal Facebook was a $28bn business in 2016

Facebook announced its latest financial results yesterday, for the final quarter of 2016 and the year as a whole. The biggest of big figures: Facebook’s revenues grew by 54% to $27.64bn in 2016, ending the year with...
Read More

iPhone helps Apple return to growth as services loom large

Crisis? What crisis? Apple announced its financial results for the final quarter of 2016 – its fiscal first quarter of 2017 – yesterday, reporting record revenues and iPhone sales. But it’s the continued surge in...
Read More

Subs surge made Netflix an $8.3bn streaming business in 2016

Netflix continues to show no obvious interest in expanding from video into music-streaming, but the company remains the subject of intense interest from the music industry and its digital partners. That’s no surprise,...
Read More

7digital posted operating profit in final quarter of 2016

B2B digital-music firm 7digital posted an operating profit in the final quarter of 2016, according to a trading update for investors published this morning. The company also saw its revenues grow by 7.2% to £11.1m in...
Read More

SoundCloud claims ‘solid growth’ despite accounts warning

SoundCloud says its business enjoyed “solid growth” last year, but the publication of its accounts for 2015 is sparking renewed concerns about the company’s sustainability in 2017. Those accounts revealed that SoundCloud’s...
Read More

2017 could bring a profitable Spotify (says investor)

In 2014, Spotify recorded a net loss of €162.3m, and in 2015 that grew to €173.1m. We don’t know 2016’s figures yet, but could 2017 be the year Spotify turns a profit? According to one of its earliest investors, perhaps....
Read More

Dubsmash fights back against Musical.ly with €9m funding

Dubsmash was a big craze in 2015 with its app for sharing lip-dub videos, but in 2016 its thunder has been well and truly stolen by Musical.ly. Earlier in the year, Dubsmash got a revamp with more emphasis on private sharing...
Read More

Taylor Swift tops 2016’s highest-paid musicians chart

Taylor Swift may not have released a new album (yet) in 2016, but she has still been the highest-earning musician according to Forbes’ annual chart of musical moneymakers. The magazine estimates that Swift earned $170m...
Read More

High-end speakers manufacturer Devialet raises €100m

While Amazon’s Echo, Google’s new Home and established firm Sonos tend to get most of the headlines around connected speakers, new models and companies are emerging too. French startup Devialet has been winning praise...
Read More

Vevo takes a pop at ‘wallpaper’ audio-streaming services

Vevo has been defending its current ad-supported music-videos model, while reiterating its plans to move into the subscriptions market. “Because of the nature of video, we have an ability to monetise the advertising side...
Read More

Pandora analyst brackets Spotify with YouTube for royalties

As Pandora prepares to enter the on-demand streaming market, its music insights and analytics man Glenn Peoples has been firing a few shots in the direction of YouTube… and Spotify. His latest blog post takes aim at on-demand...
Read More

SACEM confirms role in What.cd shutdown

We reported last week on the shutdown of torrent site What.cd after a raid in France, which was linked to collecting society SACEM. It has now confirmed its “important role” in the shutdown, according to Billboard. “The...