This year's quarterly results have shown improvements in margin and profitability without sacrificing subscriber growth.
The DSP says there’s “potential” for more price increases after two hikes in recent years.
Overall revenue in the first half of 2024 rose to $491.7 million for the German music company, with digital revenue jumping 20%.
The quarter was boosted by the June acquisition of the ticketer from Vivendi and a solid performance from its live entertainment division.
Label and publisher stocks that soared in 2023 are mostly down this year, as some souring indicators have created uncertainty among investors.
The digital audio segment accounted for 31% of iHeart's revenue, up from 28% a year earlier.
It’s all about streaming — the artists doing the best, how it helps Warner’s catalog and CEO Robert Kyncl's insistence that Spotify is not a proxy for the industry.
As companies like Universal Music Group and SiriusXM hit rough patches on certain metrics, cost-cutting has helped their bottom lines.
The Paris-based company lowered its guidance on revenue growth in the full year to reflect subscription and ad-supported streaming trends.
Though recorded music subscription revenue grew 6.5% in the quarter, ad-supported and "other" streaming revenue declined.
