Tag: financials

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Pandemic-reduced marketing costs fuel Beggars profits growth

Independent label Beggars Group has published its financial results for 2020 via Companies House in the UK. The filing, which was first reported on by MBW, reveals that Beggars’ revenues fell slightly from £63.1m...
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TikTok revenues in Europe grew by 545% to $170.8m in 2020

We have some new official data on the growth of TikTok’s business, courtesy of financial results filed by its European subsidiary TikTok Information Technologies UK. First reported on by CNBC, the results can be accessed...
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Napster reports $44.2m revenues for the first half of 2021

Merger completed with MelodyVR, Napster today offered the first half-year figures for the combined company.
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Believe revenues up 33%, but it has fallen out with SNEP

Having gone public earlier this year, distributor Believe will be providing quarterly updates on its business. The latest came yesterday with its figures for the first half of 2021, during which its revenues grew by 33%...
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UMG prospectus reveals more details on its revenues breakdown

Universal Music Group is preparing for its public listing, and that means a 306-page prospectus for investors, journalists and the wider music industry to pore over.
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Report: ByteDance is refinancing debt with new $3bn loan

Earlier this year, ByteDance revealed that its revenues more than doubled to $34.3bn in 2020, although it also recorded an operating loss of $2.1bn.
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BMI reveals $1.34bn of distributions in its fiscal 2021

US collecting society BMI has announced its figures for its last financial year, and despite the Covid-19 pandemic it managed to both collect and distribute record amounts.
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YouTube Music now has more than 50m paid subscribers

It has been a while since YouTube announced how many premium subscribers it had: 30 million in October 2020. Now there's an update...
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BMG’s recorded music revenues are up 29.4% year-on-year

BMG revealed its financial results for the first half of 2021 yesterday, with its revenues growing by 5.2% year-on-year to €296m ($349.4m).
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Peloton cuts price of its bike after disappointing financials

The fitness tech firm was worth more than $48bn at its peak. Now it’s worth just over $30bn, with its latest financials not likely to set its market cap rising again.
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Nearly half the time spent on Facebook is now video-related

Facebook published its latest financial results yesterday, posting strong numbers across the board. But the most interesting number was more anecdotal...
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UMG’s recorded music revenues have grown 29.7% year-on-year

Universal Music’s parent company Vivendi has published its latest financial results, including figures for UMG’s last full quarter before it goes public.