Tag: financials

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Tencent Music financials reveal revenues grew by 72.9% in 2018

It’s not just Spotify enduring the slings and arrows (well, share-price drops) of life as a public music-streaming company. Tencent Music published its latest financial results overnight, and saw its share price drop...
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Major labels made $19m an hour from streaming in 2018

With all three major labels having published their financial results for the final quarter of 2018 – and thus for the year as a whole – we can get a picture of how their digital businesses grew. MBW’s analysis claims...
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Universal Music revenues grew to $7.15bn in 2018

The world’s largest major label enjoyed a healthy 2018, with Universal Music’s revenues and operating profit both growing. UMG posted €6.02bn ($7.15bn) in revenues, up 6.2% year-on-year, while its operating income grew...
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Twitter financials improve but it’s losing monthly active users

Financially speaking, Twitter had a good final quarter of 2018: its revenues grew by 24% year-on-year to $909m, while it reported a net profit of $255m for Q4. For 2018 as a whole, Twitter’s revenues were up by 25% to...
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Spotify financial results: revenues up by 30% as premium subs reach 96m

Spotify has published its latest quarterly financial results, covering the final quarter of 2018.
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Warner Music Group revenues grew by 15.1% last quarter

Warner Music Group has published its latest quarterly financial results, which reveal that the company's revenues grew by 15.1% year-on-year. That was just over $1.2bn in the fourth quarter of 2018 (WMG's fiscal Q1). Of...
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Amazon beat analyst forecasts with its Q4 financial results

It was another happy Christmas season for Amazon, which saw its Q4 revenues grow by 20% year-on-year to $72.4bn. The company recorded a $3bn net profit for the quarter, up from $1.9bn the year before. Meanwhile, for 2018...
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Streaming drove Warner Music Group’s $4bn annual turnover

Warner Music Group published its latest financial results yesterday, for the third quarter of 2018 – which is the company’s fiscal Q4, thus meaning it also put out numbers for its last financial year. In keeping with...
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UMG financials impress as Liberty Media eyes sell-off stake

Media group Vivendi published its latest financial results yesterday, including figures for Universal Music Group. UMG’s revenues were up 13.3% year-on-year to just under €1.5bn (around $1.73bn). For UMG’s recorded-music...
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Report predicts that 2018 will be a $1.24bn year for esports

In our recent talk on esports at our Sandbox Summit conference, we noted that most of the figures cited about the competitive-gaming industry come from the same report – published earlier this year by research firm...
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Napster revenues still falling but service remains profitable

Technology firm RealNetworks has published its latest quarterly financial results, and that means we have some new numbers for Napster, the streaming service in which it retains a stake.
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Pandora financial results reveal subscriptions growth but active-listeners decline

US streaming service Pandora is in the process of being bought by satellite-radio company SiriusXM, but for now it remains an independent, public company. That’s why we got its latest quarterly financial results last...