Tag: financials

Read More

RIAA publishes US mid-year Latin music revenues report

We covered the RIAA’s mid-year 2018 figures for the US recorded-music market last month, but now the industry body has broken out some numbers for the Latin music market (in the US) separately.
Read More

Spotify UK financials reveal growth in advertising revenues

Spotify’s UK subsidiary has published its financial results for 2017, and at first glance there’s a shock: revenues *down* by 55% year-on-year to £107.1m ($140.1m). However, that’s because Spotify started processing...
Read More

Q2-Q3 may be the new Q4 according to Republic Records

Is it time to bid a fond farewell to the position of Q4 as the kingpin period of music revenues? A feature on Variety suggests that it might.
Read More

10 things we learned from Tencent Music’s IPO filing

Tencent Music published its filing to go public last night. We’ve been filleting the document to pull out some of the most interesting data and strategic titbits on the Chinese digital-music company. 1.  The big figures Tencent...
Read More

7digital revenues grew by 52% in the first half of 2018

Hot on the heels of revealing its latest partnerships with Universal Music Group, B2B firm 7digital has published its financial results for the first half of the year. The company saw its revenues grow by 52% year-on-year...
Read More

Tencent Music reportedly set for $3.1bn revenues in 2018

We’re still waiting for the official publication of Tencent Music’s filing for an IPO in the US, which will provide bags of metrics on the company’s music-streaming services.
Read More

Shazam financials show revenue growth flattened in 2017 ahead of Apple acquisition

Apple completed its acquisition of music-identification app Shazam this week, but now the latter company has published its latest (and likely final) set of public financial results, via the UK’s Companies House. They...
Read More

Eventbrite shares spike by 59% on first day of trading after IPO

It's always risky to read too much in to the 'pop' of a company's shares on the day it goes public, although if they sink below their initial price, that's definitely not a good sign.
Read More

BMI distributions up 9.3% to $1.12bn in its last fiscal year

US collecting society BMI has published its latest numbers, for the organisation’s fiscal year which ended on 30 June. BMI says it collected $1.2bn in domestic and international royalties, as well as money from direct...
Read More

Sonos quarterly revenues are down by 6.6% year-on-year

Sonos published its latest quarterly financial results overnight, for its fiscal Q3 (the second quarter of 2018, calendar-wise). They’re a mixed bag. The company’s revenues actually fell by 6.6% year-on-year, to $208.4m....
Read More

BMG revenues grew by 3.3% in the first half of 2018

Media group Bertelsmann published its latest financial results yesterday, including figures for its music subsidiary BMG.
Read More

Eventbrite IPO filing reveals $201.6m of 2017 revenues

The next major music-related IPO is here: ticketing company Eventbrite. Which, admittedly, has been tipped to be on the verge of going public for several months now.