CEO Robert Kyncl discussed higher wholesale prices for DSPs, Elliot Grainge and the 10K team's "intensity," and putting money to work in A&R.
Digital and streaming revenues drive overall revenue growth.
This year's quarterly results have shown improvements in margin and profitability without sacrificing subscriber growth.
Total Sphere revenue was $127.1 million in the quarter ended Sept. 30, down from $151.2 million and $170.4 million in the prior two quarters.
The global giant’s recorded music division enjoys a 14% spike in revenue, with streaming accounting for 65% of earnings. Publishing also gains.
Total revenue also slipped 2% for the South Korean K-pop powerhouse.
Releases by Sabrina Carpenter and Chappell Roan, subscription revenue gains and lower costs led to revenue growth and improved margins for the music giant.
The DSP says there’s “potential” for more price increases after two hikes in recent years.
The audio entertainment giant's merger with parent company Liberty Media's tracking stock in September triggered a $3.36 billion write-down of certain assets.
Snoop Dogg’s new publishing partner increased guidance slightly on its full-year revenue and adjusted EBITDA.
