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.
As companies like Universal Music Group and SiriusXM hit rough patches on certain metrics, cost-cutting has helped their bottom lines.
The Paris-based company lowered its guidance on revenue growth in the full year to reflect subscription and ad-supported streaming trends.
Though recorded music subscription revenue grew 6.5% in the quarter, ad-supported and "other" streaming revenue declined.
Subscription revenue continued to grow, but other streaming revenue — including ad-supported streaming — declined in the quarter.
As Spotify, Universal Music Group, Live Nation and more prepare to unveil their latest results, here’s what to expect – and what to watch out for.
CEO Golnar Khosrowshahi said the company, which beat full-year guidance, expects a boost from “a regular cadence of price increases” from music subscription services.
Next week’s earnings releases include Spotify (Feb. 6), Reservoir Media (Feb. 7) and Warner Music Group (Feb. 8).
