Tag: revenues

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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...
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China’s music industry discusses social music-promotion

This weekend saw the ‘WISE’ conference take place in Beijing, with a lineup of Chinese and international speakers from the music and media industries. Music Ally was there to report back on some of the discussions relating...
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390m paid subs drive Apple quarterly service revenues to $11.5bn

Apple doesn’t report iPhone unit sales any more, although research firms are guessing: IDC thinks that iPhone shipments dropped by 30.2% year-on-year to 36.4m units in the first quarter of 2019 (Apple’s fiscal Q2)....
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TuneCore reaches $1.5bn payouts, cites YouTube and Africa growth

Music distributor TuneCore has hit its latest milestone: $1.5bn of distribution revenue for its independent artists. That’s after earnings of $83m in the first quarter of 2019, up 21% year-on-year. This follows a 28% increase...
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Filing: Amazon spent $1.7bn on music and video content in Q1

We reported on Amazon’s latest financial results last week. In the official filing, the company revealed a music stat! Albeit one bundled in with video. “Total video and music expense was $1.5 billion and $1.7 billion...
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Twitter and Snapchat publish their latest financial results

Two social networks that have faced challenges around their user-growth published their latest quarterly financial results yesterday. So how are Twitter and Snapchat doing? Twitter’s financial numbers were good: revenues...
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Universal Music Group generated €1.5bn of revenues in Q1

Vivendi published its latest financial results yesterday, revealing that its Universal Music Group subsidiary generated just over €1.5bn of revenues (around $1.7bn) in the first quarter of 2019, representing growth of...