Just how long can Hipgnosis continue spending money before its cash runs out? This year, Hipgnosis has gone on a massive spending spree. Following its IPO launch, where the specialist investment company sought to raise $264 million, the company acquire…
Category archives: Financials
Tencent Music IPO’s Filing Reveals Record Profit
Tencent Music has turned a profit the past three years. Spotify has only turned a profit once in its lifetime. Any questions? Several months ago, Chinese conglomerate Tencent Holdings unveiled its plan to list its music division on Wall Street. With …
Universal Music Group’s Revenues Jump 13.5% as Sales Chatter Intensifies
Thanks to the massive success of UMG ahead of its upcoming sale, Vivendi’s own bottom line rose 5.5% in Q3 2018. Last summer, after discarding the idea of a $40 billion IPO for its major record label, Vivendi unveiled a new idea. The French media cong…
Pandora’s Q3 2018: 6.8 Million Subscribers, Plummeting Active Users and Listening Hours
Pandora’s latest financial report reveals one thing – the digital radio service probably couldn’t survive on its own. Two months ago, Liberty Media’s John Malone achieved what he had long fought for. SiriusXM had finally acquired Pandora Radio for a c…
Spotify’s Mixed Q3 2018 — Finally, a Profit?
With substantially lower losses, have Spotify’s fortunes turned around? Not quite. Spotify hasn’t had a good couple of months. Financially speaking, at least. Ahead of its Q3 2018, the company’s battered stock continues to reach record lows. On Tues…
Sony’s Mixed Q2 2018 – Operating Income Down, Streaming Music Revenue Up
Sony Music had great results (streaming revenue, licensing revenue), and some bad ones (operating income, downloads, and physical revenue). Sony has released the financial report for its second quarter of 2018. For the three months ended September 30th…
Following a Strong Q3 2018, SiriusXM Now Has 33.7 Million Subscribers
Following its acquisition of Pandora Media, SiriusXM just keeps growing. Last month, Liberty Media’s SiriusXM finally acquired Pandora Radio. At $3.5 billion, John Malone’s company purchased the digital radio service in an all-stock deal. So, at the e…
Spotify’s Advertising Sales Grow 14% in the UK
Over in the UK, Spotify has found success in the advertising sales market. According to a freshly-published financial filing, Spotify’s advertising continues to grow in the UK. Posting its financial results for 2017 at the Companies House, Spotify UK r…
BMG’s Heady Expansion Is Working — H1 Revenues Nearly $300 Million
BMG reported growth during the first half of 2018 with an increase in sales by 3.3% to $281 million compared to the first half of 2017. When you subtract the negative effects of currency, BMG actually grew by 9.2%. Their operating EBITDA also grew by …
Napster Proves That Streaming Music Can Be Profitable
Paid only. Lower subscriptions. No IPO. And, a small profit. What could Spotify and other streaming music services stand to learn from Napster? Last month, Spotify reported a new record in its Q2 2018 financial report. The Swedish streaming platfor…