Tag: financials

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Kobalt revenues grew in its last fiscal year – but so did losses

Kobalt Music Group has published its financials for the fiscal year that ended on 30 June 2019. The company’s revenues grew by 35.1% year-on-year to $543.4m, but its total comprehensive losses for the year, net of tax,...
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Tencent Music now has nearly 40m people paying for music

Chinese music streaming firm Tencent Music has published its latest financial results, and they reveal significant growth in its number of paying users, and a 60.1% increase in its music subscription revenues year-on-year. The...
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LiveXLive financials raise doubts over ‘going concern’ status

US live-music and streaming firm LiveXLive has published its latest financial results, including a warning about the company’s financial viability over the next 12 months. LiveXLive generated $9.7m of revenues in the final...
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Tidal financials: its revenues grew by 26.4% in 2018 to $147.6m

Project Panther Bidco is the parent company of Aspiro Group, which in turn is the parent company of streaming service Tidal. Because Project Panther Bidco – originally created as the vehicle for Jay-Z to acquire Tidal – is...
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Twitter quarterly revenues top $1bn for the first time

A symbolic moment for Twitter almost 14 years after its founding: for the first time, its quarterly revenues surpassed $1bn ($1.01bn, to be precise, an increase of 11% year-on-year). The company’s share price rose on...
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Snap financials reveal user growth but also heavy losses

Social app Snapchat ended 2019 with 218 million daily active users, having added 31 million during the year as a whole – 17% year-on-year growth. That’s according to parent company Snap’s latest financial results,...
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Spotify CEO Daniel Ek: ‘With The Ringer, I think we bought the next ESPN’

Spotify published its latest quarterly financial results earlier today, followed by an earnings call with analysts in which CEO Daniel Ek talked about its just-announced acquisition of media and podcasts firm The Ringer. “If...
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Spotify ended 2019 with 271m listeners and 124m subscribers

Spotify has published its latest financial results, for the final quarter of 2019, and thus the entire year too. The music streaming service ended 2019 with 271 million monthly active users (MAUs), up 31% year-on-year, having...
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Disney+ video service races to 28.6m subscribers

Disney published its latest financial results yesterday, and they included a new figure for the number of people subscribing to its new Disney+ video streaming service. “As we reported previously, we had more than 10 million...
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Instagram revenues estimated at $20bn in 2019 – more than YouTube

Yesterday, we reported on Alphabet’s announcement that YouTube generated $15.1bn of advertising revenues in 2019. Now a report from Bloomberg is suggesting that Instagram may have been bigger than that last year. “The...
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Sony Music revenues grew to $4bn in 2019, fuelled by streaming

Sony Music’s recorded music business saw its revenues grow by 11.4% year-on-year to $1.16bn in the final quarter of 2019, according to the latest financial results for its parent company. That included a 20.6% increase...
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SiriusXM financials reveal latest numbers for Pandora

US music streaming service Pandora ended 2019 with 63.5 million monthly active users, representing an 8.5% decline year-on-year as the service lost 5.9 million listeners. Its total ad-supported listener hours for the year...