Tag: financials

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Netflix revenues topped $20bn in 2019 after ‘strong finish’ to year

Netflix published its latest quarterly financial results yesterday, including its full-year figures for 2019. In that year, the company’s revenues reached $20.16bn, with its Q4 total of $5.47bn representing 30.6% growth...
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SoundCloud’s 2018: £108m of revenues and a £32m net loss

SoundCloud has published its financial results for 2018, which you can read here via its filings page on the UK’s Companies House website. The streaming service grew its revenues by 19.1% year-on-year to £108m (around...
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WMG boss bullish on growth after $2bn of annual streaming revenue

“We’re now five years into the industry’s recovery. There are over 280 million streaming subscribers globally. And we still see plenty of room for more growth.” The words of Warner Music Group CEO Steve Cooper in his...
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Gaana financials include growth in subscriptions revenue

We’ve seen lots of big numbers this year for the amount of people streaming music in India, but what is that growth in listeners meaning for the underlying financials of the platforms providing those streams? One of the...
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Napster Q3 revenues fell by 21.6% year-on-year to $27.3m

Technology firm RealNetworks has published its latest quarterly financial results, and as usual, they include figures for Napster, its music-streaming subsidiary. The key figure: $27.3m. That’s Napster’s revenues...
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Live Nation financials: ‘We are seeing fan spending as strong as ever’

Live Nation announced its latest quarterly financials yesterday, with Q3 revenues of $3.77bn actually down 2% year-on-year – although the company preferred to stress that over the first nine months of the year, its revenues...
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Facebook revenues up 29% to $17.65bn in third quarter of 2019

Facebook was another of the tech/media companies announcing its latest quarterly financial results yesterday. For all its political and regulatory difficulties, the social network continues to be a powerhouse of a business....
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Streaming revenues grew by 21% for Sony Music in Q3

Sony Music also enjoyed a good third quarter of 2019, according to its parent corporation’s latest financial results. Sony’s overall music division reported ¥37.5bn in operating income (around $344m) in Q3, up 19% year-on-year,...
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Spotify CFO on streaming competition: ‘It’s our game to lose’

You’ll hopefully have seen our story on Spotify’s latest quarterly financials yesterday. The streaming service now has 113 million premium subscribers and 248 million monthly active users; saw its revenues grow by 28%...
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Spotify now has 248m listeners including 113m premium subscribers

Spotify has announced its latest financial results, for the third quarter of 2019. The streaming service now has 248 million monthly active users (MAUs), up 30% year-on-year, having added 16 million in Q3. 113 million...
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Vivendi set for Tencent UMG investment, plus interest from others

Vivendi’s latest quarterly financial results yesterday provided us with an update on the company’s plans to sell up to half of Universal Music off to partners. Talks with Tencent to buy up to 20% of UMG continue: Vivendi said that...
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Netflix sees ‘modest headwind’ created by new streaming rivals

Shares in video-streaming service Netflix rose last night, after the company announced its latest financial results. This, despite actually missing one of its key targets for the third quarter of 2019. “In Q3, we grew to...