Sonos’ CFO and consumer trends have managed to undercut an otherwise successful quarter at the company. Sonos has posted the financial results of its first quarter of 2019 ended December 29th, 2018. Generating the most profitable quarter to date, the h…
Category archives: Financials
Acquiring Two Major Podcast Companies, Spotify Posts a Profit in Q4 2018
Spotify bets big on podcasting to fuel its growth in 2019. Spotify has released its financial results for the fourth fiscal quarter of 2018. For the first time in the company’s history, operating income, net income, and free cash flow were all positive…
Warner Music Group’s Revenue Surpassed $1 Billion Last Quarter
Record music revenue continues to climb at yet another major label. This time, Warner Music Group. Warner Music Group (WMG) has released the financial results for its first fiscal quarter ended December 31st, 2018. Recorded music revenue reached $1.2 …
Sony Music Brought in over $2 Billion in Streaming Revenue in 2018
Streaming music continues to boost Sony Music’s bottom line. Sony has released its financials for its full-year third fiscal quarter (FY Q3) of 2018. The three months ended December 31st, 2018. Last year, Sony Music (along with its labels) brought in …
Pandora CEO Roger Lynch Forced Out Following SiriusXM Acquisition Approval
Pandora CEO Roger Lynch was unable to solve listener engagement issues. SiriusXM has released its operating and financial results for the fourth fiscal quarter and the full-year of 2018. The satellite radio company added 346,000 net subscribers in the …
Apple Music Officially Hits 50 Million Subscribers
The busy holiday season pushed Apple Music up to 50 million paid subscriptions. According to a report from the Financial Times last November, Apple Music had 56 million subscribers. The financial newspaper dropped that number while discussing the compa…
PPL Reaches Historic International Collection Revenue in 2018
Thanks to agreements with global CMOs, PPL has just brought in record international revenue. PPL, a UK collection society, has raked in its largest international collection revenue to date. International collection reached £70.9 million ($93.5 million)…
SoundCloud Revenue Skyrockets 80% to Reach $102 Million in 2017
SoundCloud continues to post strong revenue numbers, but can it continue to narrow its total losses? Despite a very turbulent 2017, SoundCloud CEO Kerry Trainor has made good on his promise. The Berlin-based indie streaming music service has brought in…
PIAS Revenue Grew 18% in 2017
PIAS continues to grow in Europe. PIAS, a European indie giant, has released its annual report and financial statement for 2017. The company, which operates 19 offices around the world, revealed a turnover of £35.5 million ($47.9 million at the histori…
Thanks to Streaming, WMG Posts $4 Billion in Revenue for 2018
Streaming music revenue continues to increase Warner Music Group’s bottom line. Warner Music Group (WMG) has published its results for the fiscal fourth quarter and full year ended September 30th, 2018. For the first time in its fifteen-year history, t…