Tag: revenues

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Latin Music still shining in the US with 35% growth

Its revenues grew by 35% to $886m in 2021, an all-time high, with streaming accounting for 96.7% of the total.
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German recorded music revenues grew by 10% in 2021

The Covid-19 bounceback is real in Germany, at least for recorded music. Industry body BVMI reported its figures for 2021 yesterday.
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Sony Music’s revenues grew by 23.9% in 2021 to $7.49bn

Sony Music's parent company published its latest financial results yesterday, including figures for its music business.
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Apple posts record revenues and grows to 785m paid subscribers

Apple made a LOT of money in the final quarter of 2021: $123.9bn, which was a record holiday quarter for the tech giant.
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NetEase Cloud Music prepares for IPO with 184m active users

NetEase is firing up the engines on the IPO for its music streaming service NetEase Cloud Music, and that includes some new figures on the size of the latter.
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Tidal was the bulk of Square’s $58m ‘other’ revenues in Q3

Fintech company Square published its latest financial results yesterday, and there's now a music angle on its performance thanks to its majority stake in streaming service Tidal.
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Spotify’s €1bn advertising year: ‘This business is accelerating’

“Not only did we have our biggest quarter ever for ads in Q3, but 2021 will mark the first time we will surpass €1bn in ad revenue,” CEO Daniel Ek told analysts.
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YouTube ad revenues grew by 43% to $7.2bn in the third quarter

YouTube’s parent company Alphabet published its latest financial results yesterday, including stats for advertising revenues on its video service.
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Apple’s 2020 App Store billings grew by 24% to $643bn

Apple’s latest salvo in the arguments (and, indeed, lawsuits and regulatory investigations) about its App Store is some new stats from last year. The company says that its App Store ecosystem “facilitated $643 billion...
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Sony Music’s $400m social, gaming and fitness revenues

At the NY:LON Connect conference earlier this year, Warner Music Group’s Oana Ruxandra talked about three key pillars of new revenues for that label group: social, gaming and fitness. But WMG is far from alone in seeing...
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Universal Music revenues grew by 2.2% year-on-year in Q1

After those early worries about music streams falling in the early weeks of the Covid-19 pandemic’s global lockdowns, it’s become clear that the recorded music industry – streaming services and labels included – is...
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France recorded music revenues grew by just 0.1% in 2020

The 2020 figures are in for another big recorded music market, France, and they show only a tiny rise of 0.1% for the year of Covid-19. Industry body Snep’s annual figures showed revenues of €781m (around $935.3m) last...