Tag: financials

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Snapchat financials reveal it lost 3m daily users last quarter

Snap, Inc reported its latest quarterly financial results last night, and the show the first ever quarterly decline in daily active users (DAUs) since Snapchat first launched. Ouch. Snapchat ended June with 188 million...
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Napster revenues are down by nearly 18% year-on-year

Music-streaming service Napster saw a notable year-on-year decline in its revenues last quarter, according to its latest financials. The company’s revenues dropped from $44.1m in the second quarter of 2017 to $36.2m in...
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WMG talks streams as label shares Spotify windfall with artists

Warner Music has completed the set of major labels declaring their financial results for the second quarter of 2018, and it offered a similarly-positive growth story to its rivals. WMG’s revenues grew by 4.5% year-on-year...
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iHeartMedia financials show slight drop in revenues

It’s been a tough time for iHeartMedia, which filed for Chapter 11 Bankruptcy in March this year. Business goes on for the company and its iHeartRadio streaming subsidiary though: it filed its latest quarterly financial...
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Sony Music streaming revenues up 38.2% year-on-year

‘Major label’s streaming revenues growing strongly’ is becoming a familiar part of the industry landscape. Following Universal Music’s results earlier this week, Sony Music’s latest quarterly financials came out...
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Pandora now has 6m subscribers but its active users are falling

Wall Street reacted favourably to Pandora’s latest financial results yesterday, as the company beat expectations. Its Q2 revenues were up 2.1% year-on-year to $384.8m, although the company pointed out that if its shuttered...
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Tim Cook claims Apple Music leads in North America and Japan

Apple published its latest quarterly financial results last night, for the second quarter of 2018 (the company’s fiscal Q3). Big numbers ahoy: revenues up 17% year-on-year to $53.3bn and a net profit of $11.5bn. Apple...
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SoundExchange payouts grew by 17.5% year-on-year in Q2

US company SoundExchange has published its latest quarterly figures, and they show strong growth in its payouts to artists and labels. The company paid out $208.7m in the second quarter of this year, up 17.5% year-on-year. That...
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Strong streaming growth for UMG as Vivendi rules out IPO

Vivendi published its latest quarterly financial results yesterday, including figures for Universal Music Group. And UMG’s parent company also provided an update on its plans for the major label, which will now involve...
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Twitter shares dropped 21% after fall in monthly users

After Facebook’s stock-plunge last week, Twitter experienced a similarly-bumpy response to its latest quarterly financial results, which saw the company’s shares drop by 21%. The cause: a slight fall in the number...
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Amazon reports $2.5bn net profit for the second quarter of 2018

Amazon CEO Jeff Bezos may be building rockets, but his main company’s profitability also (ahem) rocketed in the second quarter of this year. Amazon’s quarterly financials recorded a 39% increase in net sales to $52.9bn,...
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Live Nation revenues up 7% with 70m tickets sold so far in 2018

In a big day of quarterly-financials announcements, Live Nation’s impressed. The company reported revenues up 7% year-on-year to $2.87bn in the second quarter of 2018, including a 13% rise in ticketing income (to $351.2m),...