Live Nation just reported its 3rd quarter financials, with numbers disappointing many on Wall Street. In the period ending September 30, the ticket seller and concert promoter recorded an earnings per share (EPS) of $0.71, which was more than 10% lower…
Category archives: Financials
SiriusXM Adds 210,000 Subscribers This Quarter — Pandora Subscribers Plunge
SiriusXM’s financials reveal the company added roughly 210,000 net subscribers, while earnings slipped substantially. The story at Pandora wasn’t rosy. The company’s third-quarter 2019 total revenue was $2.0 billion, which increased …
Apple Reports Record Services Revenue of $12.5 Billion — Buoyed In Part by Apple Music
Apple just released its 4th quarter financials for the period ending September 30, in which services such as Apple Music generated a record $12.5 billion in revenue. Services revenue at the company increased a whopping 18% over the same period in 2018….
What Plateau? Sony Music Quarterly Streaming Revenues Boom 21%
Earlier today, Sony Music reported its second-quarter financial results for 2019, with music streaming driving a sharp increase in revenues. In the period ending September 30th, Sony Music reported an operating income of 37.5 billion yen ($344 million)…
Spotify Hits 113 Million Paying Subscribers Worldwide — Says They’re Crushing Apple Music and Amazon
Spotify posted better-than-expected quarterly results this morning, but will that ease doubts on Wall Street? In a bold and bullish quarterly announcement this morning, Spotify CEO Daniel Ek and his lieutenants were trumpeting some better-than-expected…
7digital Continues to Crash — Revenues Plunge During the First Half of 2019
7digital is still in serious trouble — but the digital music company promises ‘operational profitability’ in 2020. Earlier today, digital music and radio services platform 7digital announced that revenues at the company fell sharply during the first ha…
BMI Reports Fiscal Year Revenues of $1.283 Billion; $1.196 Billion in Distributions
It was a record-breaking year for BMI. The music rights management conglomerate reported that its annual revenue for the fiscal year ending June 30, 2019 was nearly $1.3 billion. This represents an increase of 7% from the preceding year. It was also a …
BMG Reports Double-Digit Revenue Increases During the First Half of 2019
BMG just posted a double-digit increase in revenue during the first 6 months of this year. The boom was driven by a surge in streaming revenues — little surprise there. The company reported revenue of more than $305 million for the first half of 2019, …
BTS Agency Big Hit Entertainment Posts Insane First Half Revenues
The first half of 2019 was very good to Big Hit Entertainment, the South Korean company that manages BTS. Earlier today (August 21st) the company announced record revenues at its ‘Big Hit Corporate Briefing With the Community’ event, which was held in …
Warner Music Group Enjoys Double-Digit Quarterly Revenue Gains to $1.06 Billion — But CEO Says Crediting Streaming Is an ‘Oversimplification’
Warner Music Group reported their Q3 2019 earnings with double-digit growth — thanks to streaming revenues. WMG revenues topped $1.06 billion in the quarter ending on June 30th, a healthy 9-figure total. That’s a 10.4% increase over the $958 million W…