The company said it expects strength in paid streaming and a resurgence in ad-supported streaming to push organic growth over 20% in 2024.
The label group said it wants to make a potential bid for the French digital company.
The French digital company's founder and two investment funds propose a private takeover valued at 15 euros per share.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
Additional subscription price increases are expected in 2024, said CEO Denis Ladegaillerie.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
Artificial intelligence "will rapidly be available to elevate the quality of the music," said CEO Denis Ladegaillerie while delivering midyear earnings.
The international music company returned to Indonesia to celebrate its first decade operating in the region.
The French company, facing criticism for operating in Russia, has grown with a digital focus and early bets on emerging markets like India and China.
Growth in first quarter coming largely from investments and paid streaming overseas, especially in Asia Pacific and Latin America.
