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SFX posts increased revenue and net losses in Q2

SFX Entertainment canvasSFX Entertainment reported revenue of $121.1 million in the second quarter, up 48.3% from the year-ago period. However, the parent company for online EDM specialty platform Beatport also posted an increase in net losses, up 36.2% to $48 million for the quarter.

The results did not offer a breakout of financials specific to Beatport. However, the press release did mention the partnership between Beatport and Spotify that was announced during the period. That tie-up is slated to launch in the fourth quarter of 2015.

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Anna Washenko

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