Revenue

6 Results / Page 1 of 1

Background
Revenue Up 11%, CEO Says Changes Are Paying Off

News

Revenue Up 11%, CEO Says Changes Are Paying Off

BMG CEO Thomas Coesfeld says taking his company’s digital distribution in-house and operational changes — two initiatives launched during his first year at the helm — are paying off. The Berlin-based music company reported on Wednesday (Aug. 28) that it generated 459 million euros ($491.7 million) in revenue in the first half of 2024, marking an 11.1% increase from the year-ago period thanks to strong growth in digital income streams. Digital revenue, […]

todayAugust 28, 2024 4

News

Swedish CMO Revenue Up 14.2% in 2023

STIM, the Swedish collective management organization (CMO) turned 100 last fall — and its results for 2023 are giving it another reason to celebrate. The organization took in a record-high 3.095 billion Swedish Krona (SEK) ($291.9 million, based on a 2023 average krona-dollar conversion rate), up 14.2% from the previous year, the CMO announced May 28. It also announced that it would distribute 2.573 billion SEK ($242.6) — up almost […]

todayMay 28, 2024 2

News

Warner Music Group’s revenue surges past $6bn

During the fiscal year, revenue – encompassing recorded music, music publishing and other activities – was up 3.9% year-on-year (at constant currency), passing $6bn for the first time in WMG’s history. Over the three months, revenue was up 5.9% (or 4.5% in constant currency). Digital revenue increased 8.0% (or 7.1% in constant currency), which includes the impact in the prior-year quarter of $38m in downloads and other digital revenue from the […]

todayNovember 20, 2023 5

News

China’s Tencent Music beats revenue estimates on paid subscriber growth

The logo of China's Tencent Music Entertainment Group is seen next to an earphone in this illustration picture taken March 22, 2021. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsNov 14 (Reuters) - China's Tencent Music Entertainment (1698.HK) beat estimates for third-quarter revenue on Tuesday, helped by steady growth in paid subscriptions on its music streaming platform.Tencent Music, which includes platforms such as QQ Music, Kugou Music, Kuwo Music and WeSing, has […]

todayNovember 14, 2023 7

News

Revenue at $3B on Streaming, Taylor Swift – Billboard

Led by strong subscription growth and a dominant quarter from Taylor Swift, along with strong sales of releases by Olivia Rodrigo, Morgan Wallen and Seventeen, Universal Music Group (UMG) grew revenue 3.3% (9.9% at constant currency) to 2.75 billion euros ($3 billion at the period’s average exchange rate) in the third quarter, the company announced Thursday (Oct. 26).  UMG will get another boost this quarter from Swift’s release of the […]

todayOctober 26, 2023 3

News

BMG Reports 11.6% H1 2023 Growth As Revenue Tops $450M

Berlin, Germany, where both Bertelsmann and BMG are headquartered. Photo Credit: Norbert BraunBMG achieved an 11.59 percent year-over-year revenue boost during 2023’s opening half, generating €414 million (currently $452.33 million) during the six-month stretch, according to a new earnings report from its Bertelsmann parent. By category, roughly 62 percent of the revenue total derived from publishing, per a supplemental H1 2023 resource put out by BMG itself, against 34 percent […]

todayAugust 30, 2023

Electro Music Newsletter

Don't miss a beat

Sign up for the latest electronic news and special deals

EMAIL ADDRESS*

By signing up, you understand and agree that your data will be collected and used subject to our Privacy Policy and Terms of Use.

0%