Tag: revenues

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Tidal financials: its revenues grew by 26.4% in 2018 to $147.6m

Project Panther Bidco is the parent company of Aspiro Group, which in turn is the parent company of streaming service Tidal. Because Project Panther Bidco – originally created as the vehicle for Jay-Z to acquire Tidal – is...
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K-Pop firm Big Hit Entertainment’s revenues double to $494m

Big Hit Entertainment, the South Korean powerhouse behind BTS and TXT among others, has revealed its latest growth stats. Its revenues in 2019 topped ₩587.9bn ($494m), doubling those in 2018, and it had operating profits...
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Spotify ended 2019 with 271m listeners and 124m subscribers

Spotify has published its latest financial results, for the final quarter of 2019, and thus the entire year too. The music streaming service ended 2019 with 271 million monthly active users (MAUs), up 31% year-on-year, having...
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Instagram revenues estimated at $20bn in 2019 – more than YouTube

Yesterday, we reported on Alphabet’s announcement that YouTube generated $15.1bn of advertising revenues in 2019. Now a report from Bloomberg is suggesting that Instagram may have been bigger than that last year. “The...
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Sony Music revenues grew to $4bn in 2019, fuelled by streaming

Sony Music’s recorded music business saw its revenues grow by 11.4% year-on-year to $1.16bn in the final quarter of 2019, according to the latest financial results for its parent company. That included a 20.6% increase...
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SiriusXM financials reveal latest numbers for Pandora

US music streaming service Pandora ended 2019 with 63.5 million monthly active users, representing an 8.5% decline year-on-year as the service lost 5.9 million listeners. Its total ad-supported listener hours for the year...
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Alphabet reveals YouTube revenues and subscription figures

2020 is seemingly the year Music Ally has to abandon our traditional statistical snark when reporting on big technology companies’ financials. First Amazon nixed our usual ‘Amazon didn’t offer any meaningful music numbers’...
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Warner Music Group sets a new quarterly revenues record

Anyone looking for licensing-related drama in Warner Music Group’s latest quarterly earnings call will have been disappointed. “Our partnerships with our digital distributors have never been better,” said CEO Steve...
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Facebook’s annual revenues grew by 27% to $70.7bn in 2019

Shock news: Facebook made a shedload of money in 2019! The social network’s latest financial results cover the final quarter of 2019, but also the full year. Facebook’s revenues grew by 27% year-on-year to $70.7bn,...
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CTA study predicts 15% growth in US music-streaming revenues

It’s the week of the CES consumer-tech show in Las Vegas, which means a feast of headlines about smart toothbrushes, giant televisions and cuddy robots. The organiser of the show, the Consumer Technology Association (CTA),...
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App analytics firms claim TikTok’s revenue is rocketing

There’s a mini-industry of research firms who spend their time burrowing into app analytics to estimate downloads, revenue and other metrics for the apps and publishers on Google and Apple’s app stores. App Annie, SensorTower...
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Report: games industry revenue grew to $120.1bn in 2019

We’ll have to wait a few months for the official IFPI figures on the global recorded-music market’s growth in 2019. However, for the games world, Nielsen subsidiary SuperData has issued its early estimates for global...