Tag: revenues

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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...
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Report claims global recorded music revenues grew 7% in 2020

Midia Research has done it again: put its estimates for global recorded music revenues out ahead of the official stats from the IFPI. It’s now an annual tradition, and one that has caused a certain amount of tension...
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Universal Music Group’s revenues grew by 3.8% in 2020

Universal Music is the latest major label to publish financial results showing that its business rode out the Covid-19 storm in 2020. UMG’s revenues for the year grew by 3.8% to €7.43bn (around $8.95bn) – or by...
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Amazon posts its first $100bn quarter as CEO Bezos steps down

Apple posted its first ever $100bn-revenues quarter last week, and now Amazon has hit the same milestone. In fact, Amazon’s net sales grew by 44% year-on-year to $125.6bn in the fourth quarter of 2020, fuelled by...
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YouTube advertising revenues grew 46% to $6.9bn in Q4 2020

Google and YouTube’s parent company Alphabet published its latest financial numbers yesterday, including advertising revenue figures for YouTube. They show a big bounce-back from the initial hit caused by the Covid-19...