Tag: financials

Read More

LiveXLive reports $9.2m of revenues but a $9.7m loss in Q1

Music firm LiveXLive, which focuses on streaming concerts as well as its Slacker audio-streaming service, has published its latest quarterly financial results. The company’s revenues grew by 29% year-on-year to $9.2m in...
Read More

UK Music boss calls for investigation into PledgeMusic collapse

Crowdfunding firm PledgeMusic’s imminent administration looks set to get messy, with the inevitable scrutiny of how the company got into a financial hole – and crucially, what happened to the money raised by artists...
Read More

MelodyVR reports net loss of £11.3m as Beat Saber reveals 1m sales

Virtual-reality music startup MelodyVR has published its financial results for 2018, which was its first full year of availability for its app. The company reported revenues of £1.2m ($1.6m) for the full year, but also...
Read More

PledgeMusic goes into pre-administration: report

Hypebot is reporting that PledgeMusic has gone into pre-administration as its future now hangs in the balance. According to sources, a buyer for the troubled crowdfunding platform is still possibly in the wings seeking to...
Read More

Eventbrite share-price plunges after disappointing financials

Ticketing firm Eventbrite saw its share-price fall by 30% last night, after the markets reacted badly to its latest quarterly financial results. This, despite the company’s revenues growing by 9.1% year-on-year to $81.3m...
Read More

390m paid subs drive Apple quarterly service revenues to $11.5bn

Apple doesn’t report iPhone unit sales any more, although research firms are guessing: IDC thinks that iPhone shipments dropped by 30.2% year-on-year to 36.4m units in the first quarter of 2019 (Apple’s fiscal Q2)....
Read More

Filing: Amazon spent $1.7bn on music and video content in Q1

We reported on Amazon’s latest financial results last week. In the official filing, the company revealed a music stat! Albeit one bundled in with video. “Total video and music expense was $1.5 billion and $1.7 billion...
Read More

Spotify now has 100 million premium subscribers

Spotify has published its financial results for the first quarter of 2019, including a significant milestone: 100 million premium subscribers. That's up from 96 million at the end of 2018. and 75 million a year ago. Spotify...
Read More

Facebook financials strong despite looming multi-billion fine

Facebook’s latest quarterly financials show the company’s business rolling on, with revenues up 26% year-on-year to $15.1bn in the first quarter of 2018, and a net profit of $2.43bn. The latter figure is down from $4.99bn...
Read More

SiriusXM financials reveal continued decline in Pandora users

Satellite-radio firm SiriusXM published its latest quarterly financial results yesterday, and among the numbers revealed was a continued decline in streaming service Pandora’s users. Pandora had 66 million monthly active...
Read More

Twitter and Snapchat publish their latest financial results

Two social networks that have faced challenges around their user-growth published their latest quarterly financial results yesterday. So how are Twitter and Snapchat doing? Twitter’s financial numbers were good: revenues...
Read More

Universal Music Group generated €1.5bn of revenues in Q1

Vivendi published its latest financial results yesterday, revealing that its Universal Music Group subsidiary generated just over €1.5bn of revenues (around $1.7bn) in the first quarter of 2019, representing growth of...