Peloton Loses 200,000 Members In A Single Quarter as Losses Continue

Peloton lost nearly 200,000 members in a single quarter as losses continue to mount for the exercise company. The company revealed its financial results for Q3 2022, ending the quarter with 6.7 members. That’s down from 6.9 million just the previ…

Live Nation Posts Q3 2022 Revenue Jump As Execs Tout ‘Highest Quarterly Attendance Ever’

Live Nation (NYSE: LYV) achieved its “highest quarterly attendance ever” during Q3 2022, according to a newly released earnings report, as revenue spiked by nearly 130 percent from the same three-month stretch in 2021. The Ticketmaster parent company j…

Paris-Based Believe Reports Q3 2022 Financials – Revenues Rose 37% YoY

 Believe’s revenues rose 37% year-over-year in Q3, with the group increasing its full-year forecast for the second quarter in a row. The Paris-based music company Believe reports substantial revenues in Q3, generating $192 million with a 36.9% ye…

SiriusXM Posts Q3 Revenue Gain As Satellite Radio Subscriber Growth Offsets Pandora Listener Dip

SiriusXM posted an almost four percent year-over-year (YoY) revenue improvement for Q3 2022 as an income boost stemming from satellite radio self-pay subscribers helped to offset Pandora’s YoY decrease in the same category as well as monthly active use…

Opry Entertainment Group Revenues Explode During Q3 as Post-Pandemic Crowds Return

According to its parent Ryman Hospitality Properties, Opry Entertainment Group saw its revenue grow 57.3% to $77.2 million in Q3. The post-pandemic boom is largely responsible, with the entertainment segment of its business up 86.2% ($183.6M) in the fi…

Sony Music Entertainment Posts 13% Q3 2022 Revenue Increase As Streaming Income Cracks $1.3 Billion

Sony Music Entertainment (SME) recorded a nearly 33 percent year-over-year revenue hike (as well as a 13.26 percent quarterly increase when factoring exclusively for recorded and publishing) during the three months ending on September 30th, according t…

Despite Continued Subscribership Decline, Deezer Posts Double-Digit Q3 Revenue Growth Amid Price Bumps

Deezer has reported a 13.8 percent year-over-year (YoY) revenue boost for 2022’s third quarter amid a push for €1 billion in annual income. The Access Industries-owned platform, which debuted on the Euronext Paris via a special purpose acquisition comp…

Universal Music Group Revenues Jump 13% In Q3 as Subscription Revenues Approach $1 Billion

Universal Music Group reports revenue increases of 13% during Q3 as subscription revenues are nearing $1 billion. Universal Music Group has announced its financial results for the third quarter ended on September 30, 2022, reporting a revenue increase …

YouTube Ad Revenue Declined During Q3 2022 — As YouTube Music Subscriber Growth Contributed to a Non-Advertising Income Boost

Google parent Alphabet posted improved Q3 2022 revenue of $69.09 billion, but within the total, YouTube’s ad income declined from the same three-month stretch in 2021. The Mountain View, California-headquartered company just recently disclosed it…

Pollen Owes $83 Million to Creditors – Ex-Employees Unlikely To Receive Pay

Festival tech startup Pollen went bankrupt in August, leaving hundreds of employees without a final paycheck. Now a breakdown of its debts owed reveals more than $83 million in unpaid bills. Bankruptcy administrator Kroll mapped out the corporate struc…