Live Nation hails ‘significant pent-up demand’ for concerts
As trials of Covid-safe concerts continue around the world, there is light at the end of this pandemic tunnel for the live music industry. Live Nation was certainly focusing on the positive in its latest financials report,...
May 7, 2021
Warner Music Group’s Q1 revenues grew by 17% year-on-year
Warner Music Group published its latest financial results yesterday, for the first quarter of 2021 – the company's fiscal Q2. It saw revenues grow by 17% year-on-year to $1.25bn, including growth of 17% for its recorded...
May 5, 2021
Facebook Q1 revenues grew 48% year-on-year to $26.2bn
Here’s more evidence that the biggest ad-supported tech companies are over their Covid-19 bumpiness from 2020. Facebook published its Q1 2021 financial results last night, revealing that its revenues grew by 48% year-on-year...
April 29, 2021
Apple’s bumper financials include 660m paid subscriptions
In a week of big-tech financial results, Apple’s stand out as particularly spectacular. The company generated revenues of $89.58bn in the first quarter (its fiscal Q2) of 2021: a startling year-on-year rise of 53.6%....
April 29, 2021
Spotify ended Q1 2021 with 158m subscribers (and a profit)
Spotify has published its financial results for the first quarter of 2021, revealing that by the end of March it had 356 million monthly active users, including 158 million premium subscribers. The company says it added...
April 28, 2021
OnlyFans made £281m of revenues in its last financial year
Crowdfunding firm OnlyFans is filing its latest financial results today, but the Financial Times got an early look at them – a mark of the company’s growing clout in the UK. According to the FT, OnlyFans’...
April 26, 2021
Spotify $1.3bn debt funding is ‘for general corporate purposes’
Spotify’s management team talked about a lot of things in the company’s ‘Stream On’ event earlier this week, but one announcement was saved for later. Yesterday the streaming services announced plans...
February 25, 2021
Big Hit Entertainment revenues grew 36% to $716.7m in 2020
K-Pop giant Big Hit Entertainment had an excellent 2020 despite the Covid-19 pandemic. Its financial results, published yesterday, revealed that the company behind BTS’s revenues grew by 36% last year to KRW 796.3bn...
February 24, 2021
Snap financials reveal Snapchat now has 265m daily active users
Snap, Inc published its latest financials yesterday, revealing that its Snapchat app now has 265 million daily active users. That’s up 22% year-on-year – 47 million more DAUs than at the end of 2019. “On...
February 5, 2021
Sony Music revenues grew strongly in final quarter of 2020
Here’s another one for the list of music companies thriving during the Covid-19 pandemic. Sony Music reported overall music revenues of ¥187.11bn ($1.79bn) in the final quarter of 2020 – its fiscal Q3. That’s...
February 4, 2021
Spotify shares tumble after warning of uncertainty ahead
We reported yesterday on Spotify’s latest financial results, including decent growth in users, subscribers and revenues. Yet by the end of the day, the company was worth $5.37bn less than the day before, as its share...
February 4, 2021
Facebook and Apple revenues booming despite Covid-19 pandemic
Facebook and Apple both announced their latest quarterly financial results yesterday, with strong growth in revenues despite the Covid-19 pandemic. Facebook’s Q4 revenues were up by 33% year-on-year to $28.07bn, helping...
January 28, 2021