Despite a Profitable Quarter, Sonos’ Stock Plummets More Than 15%

Sonos’ CFO and consumer trends have managed to undercut an otherwise successful quarter at the company. Sonos has posted the financial results of its first quarter of 2019 ended December 29th, 2018. Generating the most profitable quarter to date, the h… Continue Reading

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Acquiring Two Major Podcast Companies, Spotify Posts a Profit in Q4 2018

Spotify bets big on podcasting to fuel its growth in 2019. Spotify has released its financial results for the fourth fiscal quarter of 2018. For the first time in the company’s history, operating income, net income, and free cash flow were all positive… Continue Reading

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Warner Music Group’s Revenue Surpassed $1 Billion Last Quarter

Record music revenue continues to climb at yet another major label.  This time, Warner Music Group. Warner Music Group (WMG) has released the financial results for its first fiscal quarter ended December 31st, 2018. Recorded music revenue reached $1.2 … Continue Reading

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Sony Music Brought in over $2 Billion in Streaming Revenue in 2018

Streaming music continues to boost Sony Music’s bottom line. Sony has released its financials for its full-year third fiscal quarter (FY Q3) of 2018.  The three months ended December 31st, 2018. Last year, Sony Music (along with its labels) brought in … Continue Reading

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Pandora CEO Roger Lynch Forced Out Following SiriusXM Acquisition Approval

Pandora CEO Roger Lynch was unable to solve listener engagement issues. SiriusXM has released its operating and financial results for the fourth fiscal quarter and the full-year of 2018. The satellite radio company added 346,000 net subscribers in the … Continue Reading

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Apple Music Officially Hits 50 Million Subscribers

The busy holiday season pushed Apple Music up to 50 million paid subscriptions. According to a report from the Financial Times last November, Apple Music had 56 million subscribers. The financial newspaper dropped that number while discussing the compa… Continue Reading

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SoundCloud Revenue Skyrockets 80% to Reach $102 Million in 2017

SoundCloud continues to post strong revenue numbers, but can it continue to narrow its total losses? Despite a very turbulent 2017, SoundCloud CEO Kerry Trainor has made good on his promise. The Berlin-based indie streaming music service has brought in… Continue Reading

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