Tag: revenues

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Major labels heading towards $1m-an-hour of streaming revenues

We’re hardly sticking our necks out when we predict that 2019 will be the fifth consecutive year of growth for global recorded-music revenues, even if the IFPI stats showing it won’t be published until mid-2020. Figures...
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Gaana financials include growth in subscriptions revenue

We’ve seen lots of big numbers this year for the amount of people streaming music in India, but what is that growth in listeners meaning for the underlying financials of the platforms providing those streams? One of the...
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Napster Q3 revenues fell by 21.6% year-on-year to $27.3m

Technology firm RealNetworks has published its latest quarterly financial results, and as usual, they include figures for Napster, its music-streaming subsidiary. The key figure: $27.3m. That’s Napster’s revenues...
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Facebook revenues up 29% to $17.65bn in third quarter of 2019

Facebook was another of the tech/media companies announcing its latest quarterly financial results yesterday. For all its political and regulatory difficulties, the social network continues to be a powerhouse of a business....
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Apple services revenue hits a new quarterly record of $12.5bn

Apple reported its financial results for its fiscal fourth quarter yesterday (in calendar terms, the third quarter of 2019). The company’s revenues grew by 1.8% year-on-year to $64.04bn, helping Apple to turn a net profit...
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Analyst suggests YouTube could be worth $300bn if spun off

Here’s a new ‘value gap’ for you to ponder. Spotify has a market cap of $24.44bn at the time of writing, while Tencent Music’s is $22.86bn. But if YouTube were to be spun out from Alphabet as a standalone company,...
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Report claims Bytedance revenues have grown sharply in 2019

TikTok parent company Bytedance hasn’t published official financial results, but Reuters has an exclusive report claiming insight into the company’s “better than expected” performance in the first half of 2019....
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Sonos revenues grew by 25% last quarter as losses narrowed

Sonos is feeling chipper about its latest financial results: the speaker-maker’s revenues grew by 25% year-on-year to $260m in the second quarter of 2019, including a 61% bump for sales (in dollar terms) of its Sonos One...
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Sony Music reports 27% growth in its streaming revenues

We had Universal Music’s latest financials last week, but yesterday it was Sony Music’s turn, fresh from news that its non-Japanese recorded-music and publishing businesses are coming together as Sony Music Group. The...
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Amuse-commissioned study explores independent-artist revenues

Midia Research’s latest report explores the burgeoning independent-artists sector, commissioned by one of the companies – Amuse – that’s trying to help those independent artists break through. Some of its findings...
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Spotify’s relationship with publishers hits the rocks – again

A new Spotify / music publishing story broke on Friday, but there’s a bigger picture here: the increasingly-dispiriting story of the streaming service’s approach towards the publishing community, as well as the perception...
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Mixcloud breaks down its revenue-sharing model for curators

Streaming service Mixcloud launched its Mixcloud Select program in December 2018, enabling listeners to subscribe to individual curators (or channels) for a monthly fee of $2.99 or above. Now the company has been explaining...