Reports: earnings

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Music industry earnings 2021
Riding the wave

Cover image for Music industry earnings 2021

Mark Mulligan

April 2022

Streaming Music

Spotify

Pandora

In this report MIDiA presents, contrasts and analyses headline financial metrics of 12 leading music industry companies across labels, publishers, streaming and live. The companies tracked represent more...

Tech Majors Market Shares Q2 2018
A Tale of Mixed Fortunes

Cover image for Tech Majors Market Shares Q2 2018

Alistair Taylor, Karol Severin, Tim Mulligan and Zach Fuller

August 2018

Apple

Spotify

YouTube

Q2 2018 delivered contrasting milestones for the tech majors with Apple becoming the first company to have a trillion-dollar market capitalisation while Facebook simultaneously saw the single biggest one-day...

Spotify Q2 2018 Earnings
More Needed from Emerging Markets and Ad Supported

Cover image for Spotify Q2 2018 Earnings

Mark Mulligan

July 2018

Subscriptions

Streaming

Streaming Music

Spotify’s Q2 2018 earnings show continued solid progress across most of its performance metrics. However, investor scrutiny is intensifying, especially with the growing subscriber arms race in the US...

Spotify Q1 2018 Earnings
Steady Course But Is It Enough?

Cover image for Spotify Q1 2018 Earnings

Mark Mulligan

May 2018

Subscriptions

Streaming

Streaming Music

On the 2 May 2018 Spotify released its first quarterly earnings. The results fundamentally represent a continuation of the figures presented in Spotify’s F1 filing and show strong results across most...

Snap Inc Q4 Quarterly Results
Much Improved Yet Still Fundamentally Challenged

Cover image for Snap Inc Q4 Quarterly Results

Tim Mulligan

February 2018

Facebook

twitter

snapchat

Snap Inc’s Q4 results bookend the company’s dramatic first year of being a publicly listed company. 2017 was the year Snap has had to effectively admit that its rebranding as “a camera company”...

Snap Inc Q3 2017
Increasing Costs Overshadow Progress

Tunde Sowande

December 2017

reporting

snapchat

Snap Inc

Snap’s public performance has been turbulent and its stock price has been on a downward trajectory during its debut year under the forensic scrutiny of Wall Street. Share prices fell from $17 during...

Apple Q4 (Calendar Q3) 2017
Quarterly Revenue Growth Underpins 2017 Revenue Revival

Cover image for Apple Q4 (Calendar Q3) 2017

Tunde Sowande

November 2017

Apple

Video

Apple continued its sales momentum this quarter with the launch of hardware products such as iPhone 8 and 8 Plus models in September. Both smartphones have incorporated new features, such as augmented...

Netflix Q3 2017
Netflix Gains 100 Million-plus Paid Subscribers

Tunde Sowande

October 2017

SVOD

Netflix consumer trends

financial statements

Netflix has achieved a commercial milestone in becoming the first Subscriber Video On Demand (SVOD) service company to have over 100 million paying streaming subscribers. Netflix has managed to attract...

Snap Inc Q2 2017
Diminishing User Growth Dwarfs Revenue Increase

Tunde Sowande

August 2017

Snap Inc

earnings

results

Snap Inc’s release of its second quarter earnings has been met with negative reception from the financial sector, as the company’s Q2 2017 financial results, which was below analyst revenue projections,...

Spotify Earnings
Growth Still Comes At A Cost

Mark Mulligan

June 2017

Streaming

Streaming Music

Spotify

Spotify’s 2016 accounts reveal strong growth in both revenue and user, as well as improved conversion to paid. But they also show growing losses (both in absolute and relative terms) for streaming music’s...

Snap Inc Q1 2017
Declining User Growth Exacerbates Rising Costs

Zach Fuller

May 2017

Amazon

Facebook

viacom

Following the release of its first earnings call since the March IPO, Snapchat creator Snap Inc has seen its stock price drop by 22% to $17.95, its lowest price since going public. The price fall reflects...