Hit songs and albums from Bruno Mars and Lady Gaga, Eminem and Beyonce drove 8.1% in organic revenue growth for the German music company.
The company also announced a $273 million dividend and a $1 billion share repurchase program.
The Paris-based streaming platform reported 7 million euros of free cash flow after breaking even in the second half of its fiscal year 2024.
The company forecasts organic growth of 13.0% in 2025 despite “limited ad-funded streaming growth.”
An 8% improvement in recorded music subscription revenue offset weakness in ad-supported streaming.
Shows by the Eagles and Anyma as well as Formula 1's Las Vegas Grand Prix helped generate operating income of $32.9 million.
Both radio companies cut costs and restructured debt in 2024, but revenue growth remains elusive.
The performance rights organization reports domestic royalties increased 5.3% in 2024.
The company says operating profit will rise in 2025 with the return of superstars BTS and improved profitability from Weverse.
Through mid-February, 2025 stadium shows are up 60% from the prior-year period and 65 million tickets have been sold for Live Nation concerts, a double-digit annual increase.
