LiveXLive Media has posted its financials. The global streaming company posted $9.2 million in revenue for its fiscal Q4 2019 quarter ended March 31st, 2019, up from $9 million in the previous quarter (its Q3 2019). Contribution margin also rose to $2…
Category archives: Financials
BTS Agency Big Hit Entertainment Valued at More than $1 Billion
Not only is K-pop band BTS hitting it big, but so is the agency that represents them. Just recently, Big Hit Entertainment was valued at more than $1 billion — on the low end. The Hyundai Research Institute has estimated that Big Hit was worth somewher…
CTS Eventim’s Q1 2019 — $316 Million in Total Revenue and $116 Million in Ticketing Revenue
CTS Eventim has posted the financial results of its first fiscal quarter (Q1 2019). For the three months ended March 31st, 2019, the German live entertainment company’s revenue totaled €282.7 million ($316.1 million). This represents a 3% jump over th…
eOne Entertainment Earnings Fall on Weak Film Unit Revenues
Canadian indie producer and distributor Entertainment One saw a 9% full-year revenue drop on pre-tax profit. eOne’s film business was weak this year, and only offset by sales of Peppa Pig brands. The Toronto-based eOne trades on the London Stock Exchan…
Tencent Music Posts a $175 Million in Profit With 28.4 Million Subscribers in Q1 2019
Tencent Music Entertainment (TME) has released its financial report for the first quarter of 2019. In the three months ended March 31st, 2019, TME reported ¥5.74 billion ($855 million) in overall revenue. This figure jumped 39.4% over the same period …
MelodyVR Burned Through $14.7 Million in Cash Last Year
MelodyVR has published its financial results for 2018. Thanks to content sales and partnership deals last year, the virtual reality startup reported £1.2 million ($1.6 million) in revenue. Yet, underscoring the VR industry’s sustained unprofitability,…
Streaming Revenue Jumps 29.4% in Warner Music Group’s Q2 2019 Report
Warner Music Group has published the financial reports for the second quarter of 2019 (Q2 2019). For the three months ended March 31st, 2019, WMG reported $1.09 billion in revenue. This figure represents a 13% jump over the same period last year. In …
Live Nation’s Q1 2019 — $1.7 Billion in Revenue, $24 Million in Operating Losses
Live Nation has released its financial report for the first quarter of 2019 (Q1 2019). Live Nation’s revenue grew 17% year-over-year to $1.7 billion. Yet, the company also posted an operating loss of $24 million. In addition, at $115 million, the glo…
Eventbrite Shares Continue to Plunge After a Serious Earnings Miss
Eventbrite’s stock woes continued on Thursday, with the company witnessing its sharpest one-day loss in history. A disappointing earnings report and outlook spurred the sell-off. The stock fell more than 31% on Thursday morning (May 2nd) after Eventbri…
Still Holding $5.7 Billion In Debt, iHeartMedia Says Its Restructuring Is ‘Successfully Completed’
iHeartMedia has officially ended its restructuring process. With the balance sheet restructuring, iHeartMedia’s debt dropped from a whopping $16.1 billion to ‘only’ $5.75 billion. CEO Bob Pittman says he’s pleased to have a capital structure that match…