W.Hille Many public companies are fighting in the midst of the background of macroeconomic uncertainty and the threatening threat of global tariffs, Music Company leaders turns the drum into music as a stable place to invest.
Despite a plateauing of the growth curve, the revenue from streaming subscriptions continues to operate relative stability at Spotify, Unversal Music Group and Deezer, companies that each reported on Tuesday (April 29) for the quarter ended 31 March.
Here, the top line results for each of the music companies reported on May 9, 2025, are listed in alphabetical order. Click the link in the summary to get the full story for each company.
- Deezer: The French streaming company Deezer Eked Out a quarterly revenue gain to stay on the field to achieve profitability in 2025 with a 1.1% increase in revenue of € 134 million ($ 145.08 million) in the first quarter. The winnings were primarily driven by 6.3% growth in Deezer’s direct subscriber base in France, bringing the total number of subscribers to 9.4 million. Read on.
- Hebe: South Korea’s Hebe used artists’ heavy tour plans and strong merchandise and license revenue to equalize a dip in recorded music sales to send revenue gains of 38.7%or 500.6 billion Krw ($ 350 million). Nevertheless, it was Bey’s second lowest quarterly revenue since the first quarter of 2023. For more about By’s J-Hope and all the others, click here.
- Live Nation: Revenue in the first quarter dropped 11% (8% in constant currency) to $ 3.38 billion, while the adjusted operating income dropped 6% (or 0.5% in constant currency) to $ 341.1 million. However, the first quarter tends to be slow, and several measurement-back sales for live nation concerts, event-related deferred revenue and fee-bearing ticket sales point out that the coming quarters are much stronger. Go here for more.
- MSG Entertainment (MSGE): The New York City-based Live Events Company’s revenue rose 6% to $ 243 million in fiscal policy in the third quarter, ending March 31. CEO James Dolan The said MSGE is “on the way to delivering solid adjusted operating income growth” in the full financial year. Revenue from entertainment offers rose 10% to $ 160 million. Event -related revenue fell $ 3.6 million due to primarily lowering revenue from concerts that the company attributed to more rents (against fewer promoted events) and a decrease in the number of concerts compared to the previous period.
- Siriusxm: The satellite radio company reported a decrease of 303,000 in subscribers, a 4% decrease in revenue (to $ 2.07 billion) and a 15% decrease in net revenue (to $ 204 million). Lower operating expenses from the staff’s cuts and reversing of Sirius’ streaming strategy equalize partially. Its podcast business that launched two Alex Morgan channels in the quarter reported a 33% increase and 70 million monthly listeners. More details in the full article.
- SM ENTERTAINMENT: The K-Pop company behind NCT Dream and Aespa had a decent first quarter: Revenue rose 5% to $ 159 million and operating income jumped 110% to $ 22 million. Live performance by NCT ​​127, Aespa and TVXQ helped the concert revenue jump 58% to $ 27 million. Recorded music revenue increased 23% despite having fewer major releases. For details of upcoming releases and trips, go to the entire article.
- Sphere Entertainment co.: The sphere site had fewer events in fiscal quarter that ended on March 31, which led to revenue dropping 12.8% to $ 158 million. But because sales, general and administrative costs fell by 12%, the adjusted operating income was flat for $ 13 million. Consolidated revenue that includes MSG networks dropped $ 13% to $ 281 million. CEO James Dolan is not concerned about a possible downturn in tourism, saying that demand for a concert is so strong “We have room to absorb any problems.” Click here for more.
- Spotify: Spotify’s revenue in the first quarter rose 15% to 4.2 billion euros ($ 4.54 billion) as it added a larger than projected 5 million net new paying subscribers in the quarter to bring the total amount to 268 million. This 12% increase in paying streamers marked the streaming and podcast company’s subscriber gains in the highest quarter ago early in the Covid-19 pandemic showing the “resilient” appeal of music in the midst of the background of global uncertainty, Execs said.
- Universal Music Group (UMG): The world’s largest music company reported that strong subscription revenue ran an 11.8% (or 9.5% in constant currency) the year over the year in the first quarter revenue for a result of 2.9 billion euros ($ 3.05 billion at the average exchange rate in the first quarter). Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) also increased 11.8%to 661 million euros ($ 695 million). Adjusted EBITDA margin was flat by 22.8%. Click here for more.
- Warner Music Group: Warner Music Group reported quarterly revenue of $ 1.48 billion at 1% lower, and the net income was down nearly 63% when the label for stars such as Bruno Mars and Ed Sheeran fought hard comparisons for last year’s quarter. WMG reported recorded music revenue of $ 1,175 billion, a 1% decrease, and publishing revenue rose 1% to $ 310 million. Net revenue of $ 36 million compared to $ 96 million a year ago was hit by a loss of $ 34 million from exchange rates increasing the load-bearing costs of WMG’s euro-denomined debt and a $ 11 million increase in a certain form of taxes. All details are found in the full article.
- YG Entertainment. The K-Pop company behind such artists as Blackpink and Babmonster improved its Botton line despite a small dip in the top line turnover. Total revenue dipped 3.8% to $ 69 million, but operating income turned to a positive $ 6.6 million loss of $ 4.8 million loss in the previous period. The net profit improved to $ 7 million from $ 300,000.
Note: This story is updated when additional companies report earnings.