Tag: financials

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Tencent Music shares fall after financials show revenue decline

Chinese streaming giant Tencent Music’s latest financial results are a mixed bag. Profits doubled but revenues declined.
March 22, 2023
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Believe financials reveal its revenues grew by 31.8% in 2022

Distributor Believe published its annual financial results yesterday, and they showed a strong 2022 for the company.
March 16, 2023
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ASCAP’s annual collections passed $1.5bn for first time in 2022

US-based PRO ASCAP has published its figures for 2022, revealing that its collections passed $1.5bn for the first time ever.
March 9, 2023
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Anghami revenues up 35.6% in 2022 as it passed 1.5m subscribers

Middle Eastern and North African streaming service Anghami has published preliminary financial results for 2022.
March 8, 2023
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UMG sees strong growth in recordings and publishing alike

Economic crisis? What economic crisis? Certainly when it comes to Universal Music Group's financials, the numbers continue to be buoyant.
March 3, 2023
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Deezer financials show revenue growth but a dip in subscribers

Deezer published its latest financial results yesterday, hailing 2022 as a "successful" year on the grounds of a 13% growth in annual revenues.
March 1, 2023
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Live Nation: concerts are ‘one of the last experiences fans will cut back on’

Live music revenues are growing again, after the massive hit caused by Covid-19 and its resulting lockdowns.
February 24, 2023
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NetEase Cloud Music ended 2022 with 38.3m paying music users

The parent company of Chinese music service NetEase Cloud Music has published its latest financial results.
February 24, 2023
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Latest Block financials offer an insight into Tidal revenues

Ever since streaming service Tidal was acquired by fintech firm Block, we've been getting regular insights.
February 24, 2023
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K-Pop giant Hybe’s revenues grew 41.6% to $1.36bn in 2022

South Korean music company Hybe enjoyed another bumper year in 2022, with its revenues growing 41.6% to 1.78tn won.
February 22, 2023
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Roblox shares soar after better-than-expected financial results

There were some slightly worrying signs for gaming firm Roblox last year: falling user numbers and revenues, and a declining share price.
February 16, 2023
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WMG revenues fall but new CEO says ‘music is still undervalued’

If you need another nudge on music streaming’s boom times facing their biggest challenge yet, yesterday’s WMG financials may provide it.
February 10, 2023