From Live Nation to UMG to SiriusXM, a roundup of what the biggest publicly traded music companies have reported so far for the quarter ending June 30.
Around a dozen publicly traded music companies are reporting earnings in the weeks stretching from late July into August — and early results show that from the major labels to music streamers, satellite radio to live events, consumers are still spending on music.
On the label front, as of Aug. 3, Sony Music showed solid results, with overall revenue surging by 20% year-over-year. Universal Music Group (UMG) earnings were met with a 25% decline in its share price after investors were disappointed by the company’s growth margins minus Downtown, along with its subscription streaming figures.
Warner Music Group (WMG), which reported earlier than expected, saw double-digit subscription streaming growth contribute to a double-digit percentage uptick in quarterly revenue.
In Korea, HYBE saw strong results in the second quarter from K-pop supergroup BTS‘ world tour and sales of its fifth studio album, ARIRANG.
In live music, Live Nation managed to increase its total quarterly revenue by a significant margin despite competition from FIFA World Cup games at stadiums. And over at Sphere Entertainment, the company managed a revenue increase on showings of The Wizard of Oz at Sphere despite suffering an overall operating loss.
Satellite radio giant SiriusXM Holdings, the dominant in-vehicle entertainment and podcasting company, has been on a journey to figure out a winning strategy, and CEO Jennifer Witz said Sirius found it with low-cost companion plans and premium channels run by Morgan Wallen and Green Day.
Elsewhere, on the streaming front, Spotify beat growth expectations for net new premium subscribers, gross margin and operating income, but slightly missed earlier guidance on its monthly average users.
Deezer reported that revenue and adjusted gross profit edged slightly higher in the first half of 2026.
This list will continue to be updated as earnings season progresses.
See below for more detail from the season’s results, listed in alphabetical order.
Paris-based streamer Deezer reported on Tuesday (July 28) that revenue and adjusted gross profit rose by almost half a percent in the first half of the year for another quarter of net profitability, as new subscribers in France and elsewhere offset a drag in subscribers from its business partnerships.
Deezer has come to be known for actively tracking and reporting the number of AI tracks uploaded to its site and removing certain AI tracks, and advocacy for transparency around AI-generated music has earned it some fans.
Deezer said earlier this year that new subscribers cited its AI-related actions as among their reasons for signing up. That helped the French streamer add nearly half a million direct subscribers in France and other markets, for a total of 8.
9 million subscribers in the first half of 2026.
While Deezer lost 300,000 subscribers from its business partnership funnel — subscribers who sign up to the service through telecom service providers like Orange or TIM — the company earns more from direct subscribers, which is contributing to its stable, profitable outlook, Deezer CEO Alexis Lanternier said.
However, since no single advertiser contributes greater than 2% of iHeart’s overall ad revenue and no industry segment contributes more than a 5% share, iHeart executives hope the company will be insulated from macroeconomic and geopolitical uncertainty.
The company has been on a journey to figure out what works, and the current strategy of offering lower-cost companion plans and premium content like channels run by Morgan Wallen and Green Day is working well enough that the company raised its full-year 2026 targets.
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