Tag: financials

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Live Nation reported record revenues of $10.3bn for 2017

2017 was a good year for Live Nation in financial terms, with the live-entertainment giant’s revenues rising by 24% to $10.3bn last year, according to its latest financial results. 86 million people attended concerts...
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LiveXLive approved for NASDAQ listing after Slacker acquisition

Digital music firm LiveXLive, which focuses on live-music videos as well as its recently-acquired streaming service Slacker Radio, has been approved to list on the public NASDAQ market. Boss Rob Ellin described it as “an...
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Pandora subscriptions revenue spikes but active listeners fall

Pandora published its latest quarterly financial results last night, with some positive figures to report around its premium subscriptions business, and some more concerning stats around its overall listenership. The streaming...
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Mobile games developer Supercell made $2.03bn in 2017

Finnish mobile games firm Supercell has published its financial results for 2017, revealing that it made $2.03bn of revenues, and a profit of $810m. The twist: the company did that without even releasing a new game that...
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Analyst claims YouTube is ‘probably’ a $15bn business

How much money does YouTube make from advertising? Parent company Alphabet has never announced that, leaving analysts to make their best guesses. In 2013, eMarketer claimed that the site was generating $5.6bn in annual...
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Twitter reports a quarterly profit for the first time

Shock news! A social network that isn’t Facebook *can* be profitable after all. Twitter’s latest quarterly financials included an important milestone for the company: its first quarter in the black. The company’s...
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7digital trading update shows 52% rise in revenues

B2B digital-music firm 7digital has issued a trading update showing strong growth in its full-year revenues. The company says it expects to report revenues of £17.3m for 2017, up 52% year-on-year. “Losses at Adjusted...
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Snapchat growth sends Snap, Inc share price soaring

Since its IPO last year, Snapchat parent company Snap, Inc has had a rough time of it on Wall Street, with investors uneasy about the social app’s sluggish growth. Yesterday brought some good news for the company in...
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Report claims Spotify revenue topped €1bn in Q3 2017

Spotify hasn’t yet filed its financial results for 2017, but a report on tech-news site The Information claims to have the skinny on the streaming service’s Q3 2017. “Spotify generated a billion euros ($1.2bn) in...
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Warner Music Group revenues grew by 14% in Q4 2017

Warner Music Group continues to capitalise on the music industry's streaming-fuelled return to growth. The major label recorded revenues of $1.05bn for the fourth quarter of 2017, up 14% year-on-year. Its digital revenues...
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Pandora lays off 5% of staff as value shrinks for Sirius XM

It’s just over a year since Pandora laid off 7% of its staff in the US in order to “to focus and realign existing resources on execution and make further investments in product innovation to drive advertising revenue...
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Vivendi expects 10% revenue growth for UMG in 2017

Media group Vivendi isn’t due to publish its next quarterly financials until mid-February, but the company issued a statement on “preliminary positive trends of 2017” yesterday including a couple of Universal Music...