Tag: financials

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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...
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Mixcloud posted revenues of £2.4m in 2018 – and a £3m loss

Audio-streaming service Mixcloud has published its financial results for 2018 through Companies House in the UK: and unlike in previous years, the accounts have been published without a small-company exemption, thus giving...
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Entertainment One’s pre-tax losses grow to £43.9m

Entertainment One (eOne), which owns Peppa Pig among other media properties, has reported that its pre-tax losses for the first fiscal quarter grew to £43.9m – significantly up from £6.8m a year earlier. Revenues dropped...
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Shazam financials reveal it added 78m users in 2018

Shazam reached 478 million annual active users in 2018, which is 78 million more than in the previous year. The company’s revenues fell by 23% to £31.4m last year, but it swung from a loss of £17.7m in 2017 to a profit...
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BMG boss suggests major-label valuations are overblown

BMG’s chief executive Hartwig Masuch has been taking his latest potshots at the three major labels, this time focusing on whether their cost structures will prove unwieldy as deals tip more in favour of artists, from frontline...
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iHeartMedia publishes financials as CEO ignites Spotify spat

US radio group iHeartMedia has published its latest quarterly financial results, revealing that its revenues grew by 2.4% year-on-year to $913.3m in the second quarter of 2019, including a 32.8% increase in digital revenue....
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LiveXLive revenues grew in Q2 but its losses widened slightly

US digital music company LiveXLive has published its latest financial results, which show that its revenues grew by 25.1% year-on-year to $9.5m in the second quarter of 2019. However, the company’s net losses also widened...
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Sonos revenues grew by 25% last quarter as losses narrowed

Sonos is feeling chipper about its latest financial results: the speaker-maker’s revenues grew by 25% year-on-year to $260m in the second quarter of 2019, including a 61% bump for sales (in dollar terms) of its Sonos One...
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WMG boss: streaming isn’t the only reason for industry growth

Warner Music Group published its latest quarterly financials yesterday, with its revenues up 10.4% year-on-year to $1.06bn, including 12.5% growth in its digital revenue to $648m – 61.2% of the total. Within that, WMG’s...
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Notes of interest from Spotify’s Q2 2019 earnings call

It’s no secret: Spotify’s earnings calls aren’t meant to be interesting. They’re an exercise in repeating key corporate messages; parrying tricky questions; and striving not to say anything that will spook the Wall...
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Spotify’s Q2 2019: 108m subscribers, €1.67bn revenues, and a €76m net loss

Spotify has published its financial results for the second quarter of 2019, revealing that the streaming service added 15 million new listeners including eight million paid subscribers during Q2. Spotify ended June 2019...