SiriusXM released its Q3 finance report, announcing $2.17 billion in third-quarter revenue, and $93M in free cash flow. Digging into the weeds of the publicly available comparative income sheet going back nearly five years, we see small percentages of revenue drops. Charting backwards over three decades, we see the broad sweep of audio pre- and post-digital. Continue Reading
Universal Music Group (UMG), the world’s largest record company, suffered an off-the-cliff stock dip last Thursday following the company’s earnings call. The hinge point? unexpectedly low streaming revenue. The question was: Who set the expectation? Continue Reading
Acast, founded in 2014, released its Q2 earnings with a 10-year celebrative spirit. Key bragging points focused on net sales, gross margin, EBITDA, number of listens, and average revenue per listen. Click for muc more detail. Continue Reading
“I said that while many believe that Spotify has a great product, we needed to prove that we could also be a great business. I think we’re really starting to show this now.” (Daniel Ek, CEO, Spotify) That’s from Spotify’s Q2 earnings release. Click for numbers and charts.
Continue Reading
Audio giant Audacy released Q1 earnings, characterized by CEO David Field as “a solid start to 2024.” Audacy’s financial positioning is complicated by a recent bankruptcy, but the company is moving smoothly through that financial reorganization process with uplifting net… Continue Reading
Recent refinancing of debt helped Cumulus Media CEO Mary Berner describe a company with solid gains in a challenging environment. Click for details, quotes, key learnings, and stock chart. Continue Reading
Financial reports for this audio behemoth are always complex affairs. We separate the two main reporting entities, and deliver key results of the Q1 financial report. Continue Reading
Global podcasting company Acast has released its 94-page 2023 annual report. It describes markets and the company’s global reach, makes a case to podcasters and advertisers, defines the ad market, and delivers reams of detailed financial info. We consolidate highlights. Continue Reading
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