With most music companies’ quarterly reports now in, here’s a look at the major trends — including what’s happening with ad revenue.
The Paris-based streamer saw a 1.1% increase in revenue to 134 million euros ($145.08 million).
The company forecasts organic growth of 13.0% in 2025 despite “limited ad-funded streaming growth.”
This year's quarterly results have shown improvements in margin and profitability without sacrificing subscriber growth.
The DSP says there’s “potential” for more price increases after two hikes in recent years.
Overall revenue in the first half of 2024 rose to $491.7 million for the German music company, with digital revenue jumping 20%.
The quarter was boosted by the June acquisition of the ticketer from Vivendi and a solid performance from its live entertainment division.
Label and publisher stocks that soared in 2023 are mostly down this year, as some souring indicators have created uncertainty among investors.
The digital audio segment accounted for 31% of iHeart's revenue, up from 28% a year earlier.
It’s all about streaming — the artists doing the best, how it helps Warner’s catalog and CEO Robert Kyncl's insistence that Spotify is not a proxy for the industry.
