Audioboom delivered its second consecutive Trading Update (not a formal market filing) for Q1 2024. It is an upward-moving report in nearly all particulars. Click for financial highlights, and excerpts from the CEO commentary. Continue Reading
In iHeartMedia’s recently released earnings for Q4 2023, we see upward moving results for the Digital Audio Group balancing downward financials for the Multiplatform group. Click for much more detail and financial graphs. Continue Reading
Universal Music Group, the world’s largest music company, released financial information for Q4, and full-year 2023. UMG is a Dutch-American firm operating under Dutch law and traded on the Amsterdam Stock Exchange (AMS). We look at top-line Q4 and 2023 numbers. Continue Reading
Acast has released simultaneous reports for Q4 2023 and full year 2023. The headline news promoted by the company’s press release is that Q4 earned a positive adjusted EBITDA (Earnings before interest, taxes, depreciation, and amortization). It is a self-congratulatory moment for one of the largest podcast and advertising networks in the world — “the global independent power source of podcasting” as the company frames it. Continue Reading
“We had our strongest Q1 since going public in 2018, with nearly all our KPIs surpassing expectations.” With an ebullient tone, Spotify released its Q1 earnings, flush with upward-moving numbers. Click for details, charts, and graphs. Continue Reading
Spotify’s well known Chief Financial Officer, Paul Vogel, will leave the company in April. A search for his replacement is underway as of now. All this in a straightforward announcement. It will be a fairly short tenure for Vogel, who… Continue Reading
iHeartMedia announced an upbeat Q3 earnings report this week. At the top line, the company might have wished it could splash a billion-dollar figure, but settled for $989-million — a seven percent year-over-year gain. Following the examples of recent quarters, the Digital Audio Group led the way directionally. Click for details. Continue Reading
Stockholm-based global podcast company Acast released a Q3 financial report which also serves as an interim report covering January – September. Acast says that growth “was mainly attributable to North America where net sales increased by 55%.” Europe also delivered upward metrics (+25%) and all other markets averaged 24%. Click for more. Continue Reading
In an interesting and extraordinarily detailed report that merges financials with company performance, acquisition plans with research reports, management profiles with listener demographics, PodcastOne published an investor presentation on the SEC website. We dig in. Continue Reading
Rights management and revenue distribution company BMI has released its annual report (HERE). While the public document does not contain a detailed financial breakout, some success metrics are described by President and CEO Michael O’Neill. BMI is a PRO (Performance… Continue Reading
iHeartMedia’s Q2 earnings report, rich with metrics and charts, describes a giant audio company whose growth is focused on the digital side, with consolidated financials slipping a bit year-over-year. Click for lots of detail and graphic charts. Continue Reading
Global podcast powerhouse Acast released its Q2 earnings today. In the official release and presentation highlights we see top-line growth leading to negative operating margins. Below are details around the highlights and the total operating loss for the quarter: Net… Continue Reading