Facebook’s financials show it’s now ‘a mobile company’
You won't find a single mention of music in Facebook's quarterly financial-results announcement or the ensuring analyst call, but both are worth reading for an understanding of how the social network evolved in 2012, and...
January 31, 2013
Amazon profits fall yet shares jump 10%
Amazon missed analyst forecasts, seeing its net income drop 45% year-on-year to $97m in the fourth quarter of 2012, but saw its shares jump by 10% immediately afterwards.
January 30, 2013
Apple’s last quarter: $54.5bn revenues, $13.1bn profit… Yet analysts unhappy
Shares in Apple fell 10% last night on the disastrous news that the company had posted record revenues of $54.5bn and a record net profit of $13.1bn in the final quarter of 2012 (the company’s fiscal Q1). Analysts were...
January 24, 2013
Samsung on the up as HTC continues to struggle
Samsung and HTC revealed their 2012 financials yesterday.
January 8, 2013
WMG financials reveal extent of its digital growth
Warner Music Group announced its financial results for the third quarter of 2012 (its fiscal Q4) last night, with overall revenues up 2% year-on-year to $731m, with digital up 15% to $241m as part of that – so 33% of the...
December 14, 2012
Pandora was profitable in Q3, but analysts spooked by Q4 predictions
After a tough few months of royalty-based criticism, Pandora had some good news yesterday: a quarterly profit. The company reported its Q3 financials, with revenues up 60% year-on-year to $120m, and a net profit of $2.1m...
December 5, 2012
Universal Music UK boss reveals streaming / sales stats for 2012
7.5bn music tracks have been streamed in the UK in 2012 so far, according to Universal Music UK boss David Joseph – a startling rise from the 1.1bn tracks that were streamed in 2011. Joseph revealed the figures in an interview...
November 14, 2012
Apple posts strong quarterly financials as radio rumours reappear
Apple reported its fiscal Q4 financial results last night, and they were pretty strong. Revenues up 27% year-on-year to $36bn, net profits up 24% to $8.2bn, and a cash mountain of $121.3bn at the end of the quarter.
October 26, 2012
7digital reveals new features and funding, publishes 2011 financials
It’s a busy week for British digital music firm 7digital, which announced some new features for its B2B platform, revealed $10m of new funding, and also published its financial results for 2011. The company says its...
October 19, 2012
Spotify Ltd financials reveal narrowing losses
Spotify Ltd’s revenues grew from £63.2m in 2010 to 95.5m in 2011, while the company’s operating loss fell from £26.5m to £2.1m in the same period, according to accounts filed by the company in the UK. Subscriptions...
September 27, 2012
Omnifone hails ‘first profit’ for its last financial year
B2B digital music firm Omnifone has announced financial results for the year ending 30 April 2012, reporting a 118% increase in revenues to £29.5m, and “its first profit as a company” of £3.8m on an EBITDA basis....
September 11, 2012