News Anghami’s subscriber base grows 17% in Q3 2023, to 1.73MThe Middle East and North Africa-focused music streaming service has seen ad revenue soar by 28%.
News Tencent Music on track to surpass $1.5 billion in music subscription revenue this yearChina-headquartered company reported a 42% YoY jump in music subscription revenue in the third quarter
News SM Entertainment, the K-pop giant behind superstars like NCT Dream, sees revenues rise 11.8% YoY to over $200m in Q3Consolidated operating profit amounted to a record high of KRW 50.5 billion ($38.5 million), up 69.8% YoY
Analysis News Reservoir Media’s revenues grew 15% YoY to $38.4m in calendar Q3Reservoir Media raises guidance after 15% surge in revenue
News Spotify’s price hike didn’t hurt subscriptions, and 3 other things we learned on its latest earnings callMBW listened in to SPOT's Q3 earnings call. Here's what we learned...
News Africa-focused music streaming service Mdundo reaches 26.6m Monthly Active UsersMdundo also reported a 239% YoY jump in revenue from paid subscriptions
News NetEase Cloud Music’s paid monthly users grew 11% to 41.8m at the end of JuneChina-based music streaming provider has published its H1 earnings results
News Beggars Group’s revenue up 13.9% YoY in 2022, but inflation, stagnant streaming prices take bite out of profitUK-headquartered firm recently revealed its earnings for 2022 in a regulatory filing to UK Companies House
News Spotify price hike will boost our revenue, Reservoir saysReservoir CFO Jim Heindlmeyer discussed Spotify price hikes on the company's latest earnings call
News HYBE’s Weverse fandom platform just surpassed 10m active users – after company’s revenues grew 21% YoY in Q2Weverse recently introduced a payment method called Jelly, which enables users to purchase premium VODs
News Live Nation’s booming earnings aren’t just a post-COVID rebound – and 4 other things we learned from the company’s Q2 earnings callIt's been a wild few days on the stock market for LN's share price
News Netflix just added 6m subscribers. Should Spotify copy its password crackdown?Netflix subs growth beat analysts’ expectations
News Reservoir aims to become the ‘largest holder of Arabic music copyrights…’ and 3 other things we learned on the company’s latest earnings callMusic rights company Reservoir Media published its FY fiscal 2023 results this week
News With 2bn plays on YouTube per day, Epidemic Sound swung to positive EBITDA in 2022Epidemic's solid gain in net sales in 2022 was made on “significantly stronger streaming revenues,” the company said in a statement