News CTS Eventim revenues soared 19.1% YoY to $3bn in 2024 “Rising demand, organic growth, ongoing synergies and a successful international acquisition policy are the pillars of our robust growth"
News Superstruct’s UK company revenues jumped 26% to $222m in 2023 – the year before firm was acquired by KKR in a $1.4bn deal Company swung to an operating loss of £33.26 million
News Streaming service Mdundo reports 45% surge in subscription revenue as it sets sights on users outside Africa The company now counts 38.8 million monthly active users, up by 26% over the past year
Analysis News SM Entertainment revenues rose 9% to $196m in Q4; K-Pop firm retires $27.8m worth of its own shares Japan proved to be a particular strong market for SM in the latest quarter, as the company celebrates its 30th anniversary this year
News Reservoir raises full-year guidance again as revenue jumps 19% to $42.3m in calendar Q4 Price hikes and subscriber growth at streaming services sent Reservoir's revenue up by double digits in the company's fiscal Q3
News Spotify market cap value tops $124bn – as stock price hits record high after posting first full year of profit Spotify’s shares jumped 13% on Tuesday to $621.77, crossing the $600 threshold for the first time
Analysis News Deezer reports 11% revenue growth for calendar Q3 The company attributes its revenue growth to new partnerships and subscription price hikes
News Africa-focused streaming service Mdundo hits 37.8m monthly active users, as paid subscription revenue jumps 112% in local currency terms The company reported a revenue decline in fiscal 2023/24, amid weakness in African currencies
News In key markets outside the US, TikTok’s revenues soared 75% to $4.6bn last year, but losses widened amid $1bn in legal costs TikTok's massive increase in European, LatAm and African revenue was more than offset by a sharp spike in expenses
News Beggars Group is now a £100m+ annual revenue company Nevertheless, the record company has seen its operating profit slide amid rising costs
News XL Recordings posted a $12.8m profit last year… despite only releasing 8 new albums XL's small but heavy-hitting catalog has made it an impressively profitable record company
News NetEase Cloud Music profit soars as revenue from streaming subscriptions jumps 25.5% YoY China's second-largest music streaming company more than doubled its net profit year on year
News Spotify has added 10 million paying subscribers this year. So has Tencent Music. TME has half the paying subscriber base of Spotify, but has kept pace with Spotify's growth
News SM Entertainment reports $185m in Q2 sales, driven by near-doubling of concert revenue However, the company's bottom line was dragged down by weak performances at subsidiary businesses
News Live Nation’s revenue rises 7% to record $6B in Q2 as fan attendance hits 39M “We continue to see strong demand globally, with a growing variety of shows attracting both casual and diehard fans who are buying tickets at all price points"
