Tag: financials

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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...
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Vevo says its revenues grew to $650m in 2017

Fresh from the exit of its CEO Erik Huggers, Vevo has been telling the Financial Times about its growth in 2017. The music-videos service saw its revenues increase from $500m in 2016 to $650m in 2017 – growth of 30%....
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Warner Music Group revenues up 10.2% year-on-year

The music industry’s growth story continues: Warner Music Group has just announced its financials for its fiscal fourth quarter, and thus its full financial-year figures. The headline: 10.2% growth in total revenues....
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Snap stock drops after disappointing quarterly results for Snapchat

Are the wheels well and truly coming off the Snapchat bandwagon? Parent company Snap, Inc published its latest quarterly financial results last night, and while its revenues grew by 62% year-on-year to $207.9m, the company’s...
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Live Nation financials set new quarterly records

Unconsciously channelling One Direction, Live Nation has been trumpeting its “best third quarter ever”, with the company’s business setting new financial records. Live Nation’s revenues grew by 12% to $3.56bn in...