Tag: financials

Read More

Snapchat now has 249m daily active users and booming AR usage

In our latest Music Ally report, we examined how Snapchat had bounced back from a worrying-looking flattening of its user growth in 2018. That bounceback is continuing, judging by parent company Snap’s financial results...
Read More

Netflix growth slows but 200m subscribers milestone is in sight

Netflix warned investors that its subscriber growth was going to slow in the second half of this year, and it has. The video streaming service added 2.2 million net new paid subscribers in the third quarter, taking it to...
Read More

Vivendi reveals latest UMG financials and IPO plans for 2022

With Warner Music Group and Big Hit Entertainment having gone public this year, Vivendi has confirmed that Universal Music Group is pressing ahead with its own plans for an IPO – but not this year or next. “An IPO...
Read More

WMG set for $338m acquisitions (and possibly revenue decline)

It was a busy day for Warner Music Group yesterday, with several interrelated announcements. First, there was news of the company raising $250m of new funding through a 'senior secured notes offering' to be spend to "fund...
Read More

Epidemic Sound revenues grew in 2019; so did operating losses

Swedish production music company Epidemic Sound saw its revenues grow by 66% to SEK 375.3m (around $42.1m) in 2019, but the company's operating losses grew by 152% to SEK 206.7m ($23.2m) according to its financial results. MBW...
Read More

7digital says it’s on track for operational profitability

Earlier this month, B2B digital music firm 7digital announced that it was raising £6m ($7.7m) from selling shares, to support its business. Now the company has added a further £1m, this time from a new revolving credit...
Read More

Amuse financials reveal $9.5m revenues but $10.9m net loss

Swedish distribution startup Amuse is one of the more disruptive music/tech companies to have emerged in recent years, but is it a profitable one? Not yet. The company’s financial results for 2019 show that it generated...
Read More

NetEase Cloud Music saw ‘triple-digit revenue growth’ in Q2

Chinese technology firm NetEase published its latest financial results last week, with no new figures for its NetEase Cloud Music streaming service. However, the service was mentioned in the subsequent earnings call with...
Read More

Beggars Group financials reveal £63.1m revenues for 2019

Independent label Beggars Group has filed its latest annual financial results with Companies House in the UK. The company's revenues fell from £74.2m in 2018 to £63.1m in 2019. The report notes that the 2018 figure...
Read More

China’s Twitch equivalent DouYu has 165.3m monthly users

We haven't written about DouYu before, because the Chinese livestreaming video platform is focused on games rather than music. The numbers are startling though: according to its latest financial results, DouYu averaged...
Read More

Tencent Music now has 47.1m paying online-music users

Tencent Music published its latest financial results this morning, revealing that its number of 'online music paying users' grew by 51.9% year-on-year to 47.1 million people in Q2 2020. The Chinese streaming giant's revenues...
Read More

LiveXLive financials reveal revenues of $10.5m for Q2 2020

US music-streaming and livestreaming company LiveXLive has published its latest financial results, including a new record for quarterly revenues: $10.5m. That's in the second quarter of 2020 (its fiscal Q1), with those...